Which of the following is a statement of positive economics?
a. New tax laws are needed to help the poor
b. Teenage unemployment should be reduced.
c. We should increase Social Security payments to the elderly.
d. An increase in tax rates will reduce unemployment.
d
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Suppose a monopolist faces the following demand curve. 
The marginal revenue of the 35th unit of output is:
A. $10. B. $?5. C. $0. D. $20.
Using Figure 1 above, if the aggregate demand curve shifts from AD2 to AD3 the result in the long run would be:
A. P2 and Y2. B. P1 and Y2. C. P4 and Y2. D. P1 and Y1.
A cooperative game is
A. the manner in which one oligopolist reacts to a change in price made by another oligopolist in the industry. B. a game in which firms will not negotiate in any way. C. companies colluding in order to make higher than competitive rates of return. D. when plans made by firms are known as game strategies.
Playing the game in Scenario 13.13 sequentially would
A) not change the equilibrium. B) change the equilibrium to (R1,C1 ). C) change the equilibrium to (R2,C1 ) if R moved first. D) change the equilibrium to (R2,C1 ) if C moved first. E) change the equilibrium to (R2,C2 ).