The longer a worker is unemployed, the probability of finding a job
A. rises.
B. declines.
C. becomes close to zero.
D. is unaffected.
Answer: B
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If Sally maximizes her total utility by allocating time between two different activities, she will select the combination at which the marginal utility per hour spent is the same in both activities
a. True b. False
_________is a cost that changes when the business rate of operation or output changes.
Fill in the blank(s) with the appropriate word(s).
Dead capital is
A. useful only if employed in a labor-intensive production process. B. unlikely to have any productive use. C. useful only if employed in a capital-intensive production process. D. unlikely to be applied to its most efficient use.
Black market transactions generally increase the deadweight losses created by restrictive government policies
Indicate whether the statement is true or false