Most of the costs of unemployment can be measured in financial terms.
Answer the following statement true (T) or false (F)
False
There are nonmonetary costs borne by the unemployed and their families such as human costs including social stress and ill health.
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Suppose that there is an increase in disposable income and simultaneously an increase in the expected profitability of investment. As a result, the equilibrium real interest rate ________ and the equilibrium quantity of loanable funds ________
A) remains unchanged; increases B) rises; increases C) might rise, fall, or remain unchanged; increases D) falls; increases E) might rise, fall, or remain unchanged; decreases
Last year, Max bought 6 pairs of athletic shoes when his income was $35,000 . This year, his income is $42,000 . and he purchased 8 pairs of athletic shoes. Holding other factors constant, it follows that Max
a. considers athletic shoes to be necessities. b. considers athletic shoes to be inferior goods. c. considers athletic shoes to be normal goods. d. has a low price elasticity of demand for athletic shoes.
Which cost curve is continually upward sloping?
a. the average total cost curve b. the total cost curve c. the marginal cost curve d. the average variable cost curve
Using prices to promote efficiency in the utilization of bridges,
A. higher prices should be charged for the use of the most crowded bridges. B. lower prices should be charged for the use of the uncrowded bridges. C. traffic would be equalized among the bridges where space is a scarce resource. D. All of the responses are correct.