Refer to Figure 9.5. The firm is producing Q units. Which area represents revenue?
A. ABCDE
B. CHGD
C. EDGF
D. ABHF
D. ABHF
Economics
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Changes in which of the following do NOT affect the natural unemployment rate?
A) the quantity of money B) the minimum wage C) unemployment benefits D) structural change E) the birth rate or other demographic data
Economics
The U.S. oil industry has only a few firms in it, so an economists is likely to describe the industry as
A) a monopoly. B) an oligopoly. C) perfectly competitive. D) monopolistically competitive. E) Both answers C and D can be correct.
Economics
If in a fiscal year, the outlays > incomes
What will be an ideal response?
Economics
Which of the following might reduce labor productivity?
A. Rising literacy. B. Rising ratios of labor to capital. C. Rising human capital. D. Larger capital stock.
Economics