Incentive-based regulations tend to be more efficient than command-and-control regulations
a. True
b. False
Indicate whether the statement is true or false
True
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Refer to the above table. What does total product equal when 4 units of labor are used?
A) 1328 B) 332 C) 320 D) 960.
Which of the following would not be considered a synergistic benefit from a merger?
A) an improvement in distribution systems B) economies of scale in production C) decreased cost of capital D) None of the above
All points on the production possibilities curve are:
a. unattainable. b. fair. c. efficient. d. optimal.
Which of the following statements regarding the unemployment rates in the U.S. between 1971 and 2002 is true?
a. The unemployment among the whites were much lower compared to the non-whites. b. The unemployment rate for all workers reached a low of 2.9 percent in 1982. c. The unemployment rate of both male and female workers have consistently increased from 1971 to 1998. d. The whites had much higher unemployment rates than the nonwhites. e. Teenagers reported the lowest unemployment rates in the country.