Under present U.S. federal law, which one of the following is a government-inhibited good?
A) housing
B) medical care
C) marijuana
D) education
C
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Which of the following lowers frictional unemployment?
A) more young people in the economy B) decreasing unemployment benefits C) increasing the pace of technological change D) increasing the minimum wage E) None of the above answers are correct because all of the answers raise frictional unemployment.
How might a court use cross elasticity in an antitrust case?
What will be an ideal response?
Sample selection bias occurs when
A) the choice between two samples is made by the researcher. B) data are collected from a population by simple random sampling. C) samples are chosen to be small rather than large. D) the availability of the data is influenced by a selection process that is related to the value of the dependent variable.
If a perfectly competitive firm is producing at a quantity at which MC < AVC, it cannot be maximizing profit in the short run
a. True b. False