In which of the following industries are workers least likely to suffer from cyclical unemployment?
a. Construction industry
b. Automobile manufacturing
c. Apparel industry
d. Education
e. Tourism
d
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A cartel's marginal cost curve is the
a. highest of all the individual firms' marginal cost curves b. lowest of all the individual firms' marginal cost curves c. horizontal sum of all the individual firms' marginal cost curves d. average of all the individual firms' marginal cost curves e. product of all the individual firms' marginal cost curves
The Bretton Woods system collapsed because:?
What will be an ideal response?
Starting from an equilibrium position,
a. the imposition of a price floor below the equilibrium price will increase the quantity demanded. b. the imposition of a price floor below the equilibrium price will decrease the quantity exchanged. c. the imposition of a price floor above the equilibrium price will decrease the quantity demanded. d. the imposition of a price floor above the equilibrium price will increase the quantity exchanged.
According to the classical model, if the government lowers its budget deficit, which of the following will occur?
a. The interest rate will rise, and consumption, investment and output will all decrease. b. The interest rate will fall, consumption and investment will increase, but output will not change. c. The interest rate will rise, and consumption, investment and output will all increase. d. The interest rate will fall, and consumption, investment and output will all increase. e. The interest rate will fall, consumption will not change, but investment and output will both increase.