When did the European Union become a common market?
What will be an ideal response?
January 1, 1993
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In the figure above, suppose the government provides vouchers worth $15,000 per student per year. When the market is in equilibrium, marginal social benefit ________ marginal cost, and the number of students enrolled is ________
A) exceeds; above the efficient quantity B) exceeds; below the efficient quantity C) is below; above the efficient quantity D) is below; below the efficient quantity E) equals; efficient
If the percentage change in quantity demanded is proportionately greater than the percentage change in price, the product is said to be;
(a) Elastic. (b) Perfectly Elastic. (c) Inelastic. (d) Unit Elastic.
The MPC can be used to predict the effect of a tax increase.
Answer the following statement true (T) or false (F)
What does it mean to conduct a sequential search?
A. to determine an asking wage and then accept the first job offer that pays a wage equal to or greater than the asking wage B. to search for jobs even when employed C. to accept the first job that one is offered D. to accept a job offer from an employer, but then to still search for a better job offer E. to apply to all job openings