The government should extend the duration of unemployment benefits to those workers who lost their jobs due to outsourcing. This statement is best described as
A. an example of the fallacy of composition.
B. a normative statement.
C. a positive statement.
D. an example of marginalism.
Answer: B
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Based on the figure below. Starting from long-run equilibrium at point C, a tax cut that increases aggregate demand from AD to AD1 will lead to a short-run equilibrium at point ________ and eventually to a long-run equilibrium at point ________, if left to self-correcting tendencies. 
A. D; C B. B; C C. B; A D. D; B
In the above figure, if the real interest rate is 4 percent, then there
A) there is a surplus of loanable funds. B) is equilibrium in the loanable funds market. C) the real interest rate will rise. D) the demand curve for loanable funds will shift rightward.
Which of the following statements is true about patents and copyrights? (i) They have benefits and costs. (ii) They lead to higher prices. (iii) They enhance the ability of monopolists to earn above-average profits
a. (i) and (ii) only b. (ii) and (iii) only c. (ii) only d. (i), (ii), and (iii)
Technological __________ in American agriculture has __________ other types of employment
A) improvement; drawn labor away from B) improvement; released labor to go to C) stagnation; drawn labor away from D) stagnation; released labor to go to