Unemployment insurance schemes mainly increase:
A. frictional unemployment.
B. seasonal unemployment.
C. teenage unemployment.
D. cyclical unemployment.
Ans: A. frictional unemployment.
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Using the demand schedule in the above table, if the firm's marginal cost is constant at $3.00, output for a perfectly price discriminating monopolist is
A) 2 units. B) 3 units. C) 4 units. D) 5 units.
Which of the following is true? a. A decrease in the price of ice cream would cause a decrease in the demand for frozen yogurt, a substitute
b. Just as demanders will demand more now if the price of a good is expected to rise in the near future, sellers will supply more now if the price of a good is expected to rise in the near future. c. An increase in supply leads to a movement up along the supply curve. d. Both technological progress and cost-increasing regulations will increase supply.
Laws that governments enact to regulate prices are called price barriers.
Select whether the statement is true or false. A. True B. False
If there are many suppliers of an input a firm is more likely to produce it internally than to purchase it in the market
Indicate whether the statement is true or false