Since the mid-1970s, the average U.S. tariff rate is
A) less than 5 percent.
B) between 6 percent and 15 percent.
C) between 16 percent and 25 percent.
D) between 26 percent and 35 percent.
E) larger than 36 percent.
A
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Sue just quit her job as a librarian to pursue her lifelong dream of getting a job as a teacher. Sue would be considered:
A. frictionally unemployed. B. structurally unemployed. C. seasonally unemployed. D. Sue is not in the labor force.
Productivity increases are most likely to be achieved by
a. Tony Soprano's psychiatrist. b. major league baseball teams. c. symphony orchestras. d. personal computer manufacturers.
The monopolist's total revenue curve is represented graphically by a positively sloped line.
Answer the following statement true (T) or false (F)
A form of industry structure characterized by a few firms each large enough to influence market price is
A. oligopoly. B. monopolistic competition. C. monopoly. D. perfect competition.