In the short run, average variable costs are minimized when
A) MPL equals APL.
B) APL is maximized.
C) MPL is maximized and APL is increasing.
D) Both A and B.
D
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Suppose the government launches a successful advertising campaign that convinces workers with high school degrees to quit their jobs and become full time college students. This would cause
A) the labor force participation rate to decrease. B) the number of discouraged workers to increase. C) no change in the unemployment rate. D) the unemployment rate to decrease.
In the past twenty years or so, all major U.S. trade legislation has typically included all of the following except
A) negotiating authority for the President to try to achieve new trade agreements. B) new U.S. trade barriers in the form of dumping or countervailing duty laws. C) new U.S. trade barriers in the form of uniformly higher tariffs on all goods. D) expanded laws calling on the President and USTR to investigate and challenge unfair trading practices of foreign countries.
Price ceilings are primarily targeted to help
a. No one b. Consumers c. Producers d. Government
What is the main advantage of holding corporate bonds, when compared to holding stocks?
a. Bondholders carry voting privileges. b. Bondholders have the option of converting bonds to stock. c. Bondholders have first claim on a corporation's profit. d. Bondholders get a higher return, but with higher risk. e. Bondholders are corporate owners so have more say.