Changes in the natural rate of unemployment are related to changes in the composition of the labor force and to the changes in the productivity of the economy over time
Indicate whether the statement is true or false
TRUE
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Table 7.2 contains price, demand, and cost data for the Capri Theater, the only first-run movie theater in a small town. What is its revenue from students under the single price policy?
A. $150 B. $180 C. $450 D. $540
The budget line will shift parallel to the right if:
A. income increases. B. income decreases. C. the price of the good on the vertical axis increases. D. the price of the good on the vertical axis decreases.
Which of the following helped to maintain a healthy farm sector prior to 1920?
A. Recurrent wars. B. More advanced technology. C. Food for peace programs. D. A decreasing population.
In well-functioning markets, all of the following reflect the degree of product variety except
A. gains from network externalities. B. differences in consumers' tastes. C. gains from coordination. D. cost economies from standardization.