Unemployment caused by people voluntarily quitting work in order to seek more attractive employment is
a. the natural rate of unemployment
b. not considered part of the unemployment
c. cyclical unemployment
d. frictional unemployment
e. structural unemployment
D
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Refer to the table above. If the rental price of machines is $40 per day, up to how many machines should the firm rent to maximize profits?
A) 2 B) 4 C) 6 D) 7
Business debt is an example of a lagging indicator
Indicate whether the statement is true or false
If the government is successful in cutting the economic pie into more equal slices, than it is quite possible that a. the pie gets larger
b. the pie gets smaller. c. it increases the reward for working hard, resulting in people producing more goods and services. d. none of the above.
The marginal revenue curve for a monopolist is the same as its demand curve.
Answer the following statement true (T) or false (F)