A reduction in unemployment benefits will tend to cause which of the following?
A) an upward shift in the WS curve
B) a downward shift in the WS curve
C) an upward shift in the PS curve
D) a downward shift in the PS curve
E) none of the above
B
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Use the following figure to answer the next question. 
If box E represents government, box C businesses, and box A households, then flows (11) and (12) would represent
A. net taxes. B. government expenditures. C. resources. D. goods and services.
Total utility increases if one more unit of a product is purchased and marginal utility is negative.
Answer the following statement true (T) or false (F)
Some economists claim that the Chilean experience during the 1990s was much more successful than its Latin American neighbors. Evaluate the Chilean policies during that decade
What will be an ideal response?
The price faced by a perfectly competitive firm is
A. determined by market demand and supply. B. the same as the market demand curve. C. the same as the market supply curve. D. the same as the firm's marginal cost curve.