In the United States, the unemployment rate for women is roughly the same as the unemployment rate for men
a. True
b. False
Indicate whether the statement is true or false
True
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If marginal utility is a positive number,
A. the more you purchase, the more total utility you get. B. the more you purchase, the less total utility you get. C. utility is not affected by more purchases. D. then you are as well off as possible.
In the IS-LM model, the fiscal multiplier effect can be increased by
A) larger increases in government expenditure. B) expansions of the money supply. C) contractions of the money supply. D) raising the income tax rate.
Suppose that price is below the minimum average total cost (ATC) but above the minimum average variable cost (AVC), and the market price is expected to rise at least to ATC in the near future. In the short run, a firm that is a price taker would:
a. immediately shut down and get out of the industry. b. continue to produce a quantity such that marginal revenue equals marginal cost. c. shut down temporarily, in hopes of restarting in the near future. d. cut price and expand output in hopes of achieving economies of scale
When a hurricane destroys a significant portion of an apple crop:
A. apple prices decline, and quantity sold rises. B. apple prices rise, and quantity sold falls. C. apple prices rise, and quantity sold rises. D. apple prices decline, and quantity sold falls.