The price effect is smaller when there:
A. are fewer firms.
B. is more demand.
C. is less demand.
D. are more firms.
Answer: D
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Which of the following makes invention and entrepreneurship more likely in today's economy?
a. increasing morality of inventors b. government rules within society c. positive marginal costs d. positive marginal revenues
More generous unemployment insurance would
a. raise structural unemployment. b. raise frictional unemployment. c. lower structural unemployment. d. lower frictional unemployment.
If more people find jobs, the unemployment rate will definitely fall
a. true b. false
Refer to the information provided in Figure 2.4 below to answer the question(s) that follow.
Figure 2.4According to Figure 2.4, as the economy moves from Point A to Point E, the opportunity cost of motorcycles, measured in terms of hybrid cars
A. remains constant. B. decreases. C. initially increases, then decreases. D. increases.