Since 1950, the average length of a recession in the United States has been
A) such that recessions barely exist.
B) less than a year.
C) between 1 and 2 years.
D) greater than 2 years.
Answer: B
Economics
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If a marginal cost pricing rule is imposed on the firm in the figure above, the deadweight loss will be
A) zero. B) $100. C) $200. D) $50.
Economics
On the graph above, the wage level at point ________ might represent a binding minimum wage
A) 2 B) 4 C) 6 D) 5
Economics
About one out of every _______ whites is poor.
Fill in the blank(s) with the appropriate word(s).
Economics
Pareto optimal policies are almost nonexistent in the real world.
Answer the following statement true (T) or false (F)
Economics