Which of the following policies would reduce frictional unemployment?
A) implementing an unemployment insurance policy
B) a decrease in the minimum wage
C) a job retraining program
D) building an online job database that helps workers find jobs
D
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Which of the following is the best example of a perfectly competitive market?
A) farming B) diamonds C) athletic shoes D) soft drinks E) electricity distribution
Suppose the price of a can was $5.14. In this case, to maximize its profit, the firm illustrated in the figure above would
A) increase its production and would make an economic profit. B) not change its production and would make a normal profit. C) not change its production and would make an economic profit. D) increase its production and would incur an economic loss. E) not change its production and would incur an economic loss.
What is the primary reason for the differences between the U.S. banking system and those in other major industrial countries?
A) Economies of scale are greater in banking in the United States than in banking in other countries. B) legislation that led to the development of state and national banks C) the Federal Reserve System D) the National Bank
If interest rates in the U.S. are higher than elsewhere, it will cause
a. the demand for dollars to decrease b. the supply of dollars to increase c. the exchange value of the dollar in relation to other currencies to fall d. the dollar to depreciate e. the demand for dollars to increase