Attempts to bypass price rationing in the market
A. are easily administered.
B. always fail.
C. are costly.
D. are efficient.
Answer: C
You might also like to view...
Using the above table, moving from alternative C to alternative B, what is the opportunity cost of one loaf of bread?
A) 1 pizza pie B) 30 pizza pies C) 2 pizza pies D) 0.5 pizza pie
A commitment strategy is an agreement in which players agree to:
A. submit to a penalty in the future if they defect from a given strategy. B. cooperate before the game begins. C. cooperate in repeated games until someone defects. D. None of these is a definition of a commitment strategy.
Which of the following would cause a fall in the market interest rate?
a. an increase in the risk cost of investment b. an increase in the inflation rate c. an increase in the marginal rate of return on investment d. a decrease in the marginal product of capital e. none of the above
By 2010, the U.S. economy had emerged from the recession that had begun in 2007. Despite an economic growth rate well above zero, unemployment showed little sign of declining much below ten percent
Focusing on the definition of the unemployment rate, explain how it is possible to have positive economic growth without declining unemployment.