The price of pork can be increased by:
a. A subsidy to pork producers
b. Decreased advertising of pork
c. A decrease in the cost of feed for pork producers
d. An increase in the cost of beef
d. An increase in the cost of beef
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A hidden cost fallacy can be avoided
a. by ignoring the opportunity costs to using a capital b. by ignoring the cost of capital c. by taking all capital costs into account including the cost of equity d. none of the above
A payment is said to be indexed if it is automatically adjusted for inflation.
Select whether the statement is true or false. A. True B. False
The type of unemployment that occurs because of a recession is called:
A. frictional unemployment. B. seasonal unemployment. C. natural unemployment. D. cyclical unemployment.
By definition, the labor force participation rate is
A. the percentage of institutionalized working-age individuals who are employed or seeking employment. B. the annual rate of growth in the number of people who are unemployed and searching for available government-provided unemployment benefits. C. the annual rate of growth in the number of people who are either employed or searching for available jobs. D. the percentage of noninstitutionalized working-age individuals who are employed or seeking employment.