Which of the following is generally a fixed cost?
A. Utilities.
B. Profit taxes.
C. Property taxes on land used in production.
D. Wages.
Answer: C
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Which of the following decreases the natural unemployment rate?
A) higher oil prices B) a recession C) a decrease in aggregate demand so that fewer workers are needed D) many young people entering the labor force E) rapid technological change that increases the demand for labor
Figure 10-9
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Figure 10-9 illustrates a period of
A. economic growth and high inflation. B. economic growth and low inflation. C. economic recession and high inflation. D. economic recession and low inflation.
The derived demand for borrowed funds has the characteristic negative slope of any demand curve
a. True b. False Indicate whether the statement is true or false
Classify the following goods into public goods, private goods, club goods, or common resources with suitable reasons
a. Congested roads b. Education provided by a university