The United States economy has experienced a decrease in competition over the last three decades
a. True
b. False
B
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Based on the production data for Pat's Pizza Parlor in the above table, the marginal product of the 4th worker is ________ pizzas
A) 5 B) 8 C) 10 D) 45
Explain why the natural rate of unemployment is not equal to 0
Suppose there was a large increase in net exports. If the Fed wanted to stabilize output, it could
a. increase the money supply, which will reduce interest rates. b. decrease the money supply, which will reduce interest rates. c. increase the money supply, which will increase interest rates. d. decrease the money supply, which will increase interest rates.
An efficient policy to reduce pollution would reduce pollution to the point where:
A. it is eliminated. B. the marginal costs of reducing pollution equal the marginal benefits of reducing pollution. C. the marginal costs of reducing pollution are greater than the marginal benefits of reducing pollution. D. the marginal costs of reducing pollution are less than the marginal benefits of reducing pollution.