There is no easy way for policymakers to reduce the economy's natural rate of unemployment while at the same time reducing the hardships of the unemployed
a. True
b. False
Indicate whether the statement is true or false
True
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Many individuals are reluctant to buy common stock is that as owners of a corporation they have unlimited liability for the debts of the business.
Answer the following statement true (T) or false (F)
Refer to Figure 4-15. How much of the tax is paid by sellers?
A) $2 B) $5 C) $7 D) $12
If an industry currently dominated by three large producers whose revenues represent 30%, 30%, and 30% of the market's total revenues, with the remaining two firms each representing 5%, then one of the large firms merged with one of the small ones, what would be the new four firm concentration ratio and the new Herfindahl-Hirschman Index for this industry?
a. 100%; 3,050 b. 100%; 2,750 c. 95%; 3,050 d. 95% 2,750
Implicit costs are ________ and explicit costs are ________
A) nonmonetary costs; also nonmonetary costs B) nonmonetary costs; costs that involve spending money C) costs that involve spending money; nonmonetary costs D) costs that involve spending money; also costs that involve spending money