The Business Cycle has three main parts, which of these is not one of them?
a. Expansion
b. Recession
c. Inflation
d. Recovery
C
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Bicycle helmet laws are designed to reduce the severity of injuries resulting from bicycle involvement in traffic accidents. In this sense, the helmet laws are reducing ________ of risky behavior
A) positive externalities B) negative externalities C) transactions costs D) the efficiency
Refer to Table 1-1. What is Eva's marginal benefit if she decides to stay open for two hours instead of one hour?
A) $25 B) $36 C) $60 D) $95
Under conditions of perfect competition, short-run equilibrium does not necessarily exist where
a. profit is maximized or loss minimized. b. MR = AR. c. MR = MC. d. MR = ATC.
Supposed you are hired to be a checker at a local grocery store. After ninety days of probation you become a member of the union. As a result you feel more secure about your job and work harder to be part of the team
This is a benefit of union membership that A) increases demand for union-made goods. B) decreases the demand for nonunion-made goods. C) increases worker productivity of union members. D) increases union dues.