If a perfectly competitive firm like the one depicted in Figure 9-3 produces 575 units
a.
its profit will be larger than if it produces only 475
b.
its profit will be exactly the same as if it produces 475
c.
its profit will be smaller than if it produces only 475
d.
it will be forced to shutdown
e.
its profit will be smaller than if it produced 475 but it will still make a profit.
c
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Which of the following is not a characteristic of less-developed countries?
A. high rates of illiteracy B. high unemployment C. low infant mortality rates D. low savings and investment rates
Exchange-rate stability is likely to be a more important goal for the central banks of:
A. countries where exports and imports make up a small total of all economic activity. B. the U.S. and Japan than most small developing countries. C. large, closed economies. D. emerging market economies than the central bank of the U.S.
Refer to the information provided in Figure 2.4 below to answer the question(s) that follow.
Figure 2.4Refer to Figure 2.4. The economy moves from Point E to Point B. This could be explained by
A. a change in society's preferences for hybrid cars versus motorcycles. B. an increase in economic growth. C. an increase in unemployment. D. a reduction in unemployment.
If productivity growth accelerates, but workers do not realize it ________
A) they will expect large wage hikes B) they will not expect large wage hikes C) the natural rate of unemployment will rise D) the number of discouraged workers will rise