According to ________ economists, the only types of unemployment that exist in an economy are structural and frictional unemployment.
A. classical
B. Marxist
C. monetarist
D. Keynesian
Answer: A
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Because the goods offered for sale in a competitive market are largely the same,
a. there will be few sellers in the market. b. there will be few buyers in the market. c. only a few buyers will have market power. d. sellers will have little reason to charge less than the going market price.
This farmer's shutdown point is at a price of
A. $0.
B. $4.
C. $7.
D. $10.
Who is most likely to benefit when the dollar depreciates against the euro?
A. U.S. buyers of foreign goods B. Foreign savers C. U.S. exporters D. Foreign sellers to U.S. buyers
Refer to the information provided in Figure 2.4 below to answer the question(s) that follow.
Figure 2.4According to Figure 2.4, as the economy moves from Point E to Point A, the opportunity cost of hybrid cars, measured in terms of motorcycles
A. increases. B. initially increases, then decreases. C. decreases. D. remains constant.