Natural unemployment equals the sum of
A) cyclical and frictional unemployment.
B) cyclical, business, and structural unemployment.
C) frictional and structural unemployment.
D) business and cyclical unemployment.
E) cyclical and structural unemployment.
C
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One way that government can encourage the production of goods or services that have external benefits is to subsidize the good or service
Indicate whether the statement is true or false
In average cost pricing, the natural monopoly would have to set price equal to
A) AFC. B) AVC. C) ATC. D) MC.
Based on risk-return tradeoffs observable in the financial marketplace, which of the following securities would you expect to offer higher expected returns than corporate bonds?
a. U.S. Government bonds b. municipal bonds c. common stock d. commercial paper e. none of the above
Some people refuse to buy Japanese cars because they believe it is anti-American. Others refuse to buy American cars because they believe that Japanese cars are superior. In this highly competitive market, the Mitsubishi Eclipse and Eagle Talon, which have identical engines, transmissions, bodies and paint, are a good example of
a. goods belonging to two separate markets b. complementary goods c. perfect competition d. product differentiation e. barriers to entry