The longer the actual unemployment rate remains below what had been the natural rate, the more the natural rate itself increases
Indicate whether the statement is true or false
false
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A productivity slowdown could result from a. an increase in capital formation
b. an increase in the number of unskilled and inexperienced workers. c. a decrease in the relative size of the service sector. d. any of the above.
The difference between the amount consumers would be willing to pay and the amount they actually pay for a good is called
a. price elasticity of demand. b. consumer surplus. c. the substitution effect. d. income elasticity of demand.
Consider two industries in which firms hold the following market shares: Industry A: 25%, 20%, 18%, 15%, 8%, 7%, 4%, 2%, 1% Industry B: 30%, 10%, 9%, 8%, 8%, 8%, 8%, 6%, 6%, 5%, 2% What are the concentration ratios for each industry? Which is more competitive?
Recent work in neuroscience shows that different regions of the brain are involved in the valuation of the benefits and the costs of possible actions.
Answer the following statement true (T) or false (F)