An increase in the prison population would tend to cause, other things the same, a decrease in ________
A) federal disabilities benefits
B) the use of temporary workers
C) the college premium
D) the natural rate of unemployment
D
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Refer to Figure 17-2. The nonaccelerating inflation rate of unemployment, or NAIRU, is associated with which point rate in the figure above?
A) A B) B C) C D) all of the above
Referring to discussion in an Added Perspective, Stanley Jevons warned in 1865 that England would quickly run out of
a. lumber b. food c. coal d. oil e. clean water
A substantial revision of the income tax code that made business and personal tax returns much easier to complete would tend to cause which of the following changes in the labor market for accountants?
a. an increase in the demand for accountants b. an increase in the employment of accountants c. a decrease in the wage rate of accountants d. an increase in the number of students choosing to major in accounting
Which of the following expressions is correct for a competitive firm?
a. profit = (quantity of output) x (price - average total cost) b. marginal revenue = (change in total revenue)/(quantity of output) c. average total cost = total variable cost/quantity of output d. average revenue = (marginal revenue) x (quantity of output)