Tampa-St. Petersburg built new facilities to attract a sports franchise, but got a team only after waiting
A. five years.
B. two years.
C. ten years.
D. four years.
Answer: C
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Obstacles in achieving efficiency in a market include
A) public goods. B) the presence of an external cost or benefit. C) competition. D) Both answers A and C are correct. E) Both answers A and B are correct.
Persons who argue against the deliberate use of fiscal and monetary policies to smooth out the business cycle are referred to as
A) nonactivists. B) fine-tuners. C) activists. D) b and c E) none of the above
If a significant number of part-time workers successfully find full-time employment, then
A) the unemployment rate will fall. B) the labor force participation rate will increase.. C) the unemployment rate will remain unchanged. D) the unemployment rate will rise. E) Both answers A and B are correct.
Which of the following would cause a firm's LRAC curve to shift up?
A) An increase in the amount of "learning by doing." B) An increase in the price of labor, all else constant. C) An increase in the amount of output produced by the firm. D) A decrease in the amount of capital employed by the firm.