In the United States, unemployment rose in all of the recessions that have occurred since the 1970s.
Answer the following statement true (T) or false (F)
True
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View Your World, a high-end window manufacturer, directly pays all of the transaction costs. The managers of View Your World are considering the profit-maximizing location for their plant. If locating the plant closer to its customers saves $10,000 in transportation costs of its windows to its customers, but causes an additional $7,500 in input transportation costs, View Your World ________
locate its plant closer to its customers as the marginal benefit is ________ than the marginal cost. A) should not; less B) should not; more C) should; greater D) should; less
A surplus will occur in a market when the price of the product is above the equilibrium price
Indicate whether the statement is true or false
If the government of a developing country reduces its budget deficit, then the inflation tax:
A. should decrease. B. should not change. C. may increase, decrease, or not change depending on whether the government cuts taxes or raises government expenditures. D. should increase.
Unlike a firm in pure competition, a monopolist may be able to
a. block the entry of new firms into the industry. b. continue to earn economic profits in the long run. c. earn economic profits in the short run. d. both block the entry of new firms into the industry and continue to earn economic profits in the long run.