What is the lowest price the firm would accept in the long run?
$16
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If a city has 3293 unemployed people and 69,884 employed people, then the city's unemployment rate equals
A) 45.0%. B) 4.5%. C) 4.3%. D) 0.45%.
A "stair-like" market supply curve is the result of
A) higher cost firms charging a higher price for their products. B) firms having different costs. C) firms shutting down in the long run. D) average variable costs that are higher than average fixed costs.
If some nonprice level determinant causes total spending to decrease, then the effect on aggregate demand will be a: a. movement upward along the curve
b. movement downward along the curve. c. shift to the left. d. shift to the right.
Which of the following describes a situation where tax laws give preferential treatment to specific types of behavior?
a. tax evasion b. a political payoff c. a tax loophole d. compensation for the benefit of society