You enter a classroom, which is littered with newspapers. This is because
A) students are too lazy to clean up.
B) maintenance people only clean once a day.
C) it is a way to protest against the tuition rates.
D) students do not pay for littering.
Answer: D
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The main process by which a recessionary gap is eliminated is a(n)
A. increase in wages that shifts the aggregate supply curve inward. B. drop in wages that shifts the aggregate demand curve inward. C. increase in wages that shifts the aggregate demand curve outward. D. drop in wages that shifts the aggregate supply curve outward.
Economists say that the economy is at "full employment" when the
A) total unemployment rate is zero. B) structural unemployment rate is zero. C) cyclical unemployment rate is zero. D) frictional unemployment rate is zero.
When a firm practices price discrimination, for each separate set of consumers it will determine the rate of output at which
A) MR > MC. B) MR = P. C) MR = AVC. D) MR = MC.
In the _____, all costs are _____
Fill in the blank(s) with the appropriate word(s).