Discouraged workers are people who want to work but have given up trying to find a job after an unsuccessful search
a. True
b. False
Indicate whether the statement is true or false
True
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Rising inflationary pressure caused the U.S. to tighten its monetary policy at the end of the 1960s
As a result, market interest rates rose above the Regulation Q ceiling and American banks found it impossible to attract time deposits for re-lending. How did the banks get around this problem? A) by setting their own interest rates and then using better business as compensation for government regulations B) by borrowing funds from European branches, which faced no restriction on the interest they could pay on Eurodollar deposits C) by pushing through new legislation that nullified Regulation Q D) by creating subsidiary branches in foreign countries E) by waiting to trade time deposits until Regulation Q no longer applied
Of the following groups, which benefits most from a government price support program that establishes a floor price for an agricultural product that is higher than the product's market clearing price?
A) consumers, who purchase more units of the product than they did before the price support program was implemented B) taxpayers, who no longer must provide funds to purchase surplus units of the product once the price support program is in place C) producers, who earn a higher price on the sale of each unit and also sell more units, thereby unambiguously earning higher revenues D) the government, which receives subsidy payments from producers that are required to sell more of the product at a higher price under the government's program
According to William Shepherd's examination of competitive trends in the U.S. economy, a market is effectively competitive if
a. the top four firms supply more than 60 percent of the market, have stable market shares, and cooperate with each other b. the top four firms supply more than 60 percent of the market, have stable market shares, and compete with each other c. the industry exhibits low concentration, few barriers to entry, and little or no collusion d. the industry exhibits low concentration and little or no collusion, despite significant barriers to entry e. the dominant firm has two close rivals
A discovery that increases wheat yields per acre hurts farmers by increasing supply and lowering their total revenues
a. True b. False Indicate whether the statement is true or false