Recessionary gaps usually lead to
A. structural unemployment.
B. cyclical unemployment.
C. seasonal unemployment.
D. frictional unemployment.
Answer: B
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The main objective of advertising for a monopolistically competitive firm is
A) to differentiate the product and boost demand. B) to reduce cost. C) to earn long run profits. D) none of the above.
Which of the following is NOT a reason for the increase in health care costs?
A) the aging of the population B) the implementation of new technologies C) the increase in third party payments D) the decrease in the fertility rate
How does the form that government spending takes affect resource allocation between public goods and private goods?
The market mix of output and the optimal mix of output are always the same.
Answer the following statement true (T) or false (F)