The current U.S. unemployment insurance program
a. tends to significantly lower the unemployment rate.
b. tends to modestly lower the unemployment rate.
c. has no effect on the unemployment rate.
d. tends to raise the unemployment rate.
D
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Archibald's Tattoos is a perfectly competitive firm. The firm's costs are shown in the table above. What is Archibald's shut-down point?
A) $10.00 B) $16.67 C) $15.00 D) $12.50
Whether we look at marginal tax rates or average tax rates, the U.S. income tax is
a. progressive b. based on the benefits received c. proportional d. regressive e. All of the answers are correct.
If output grows faster than the population, the average standard of living will
a. rise b. fall c. remain the same d. stagnate e. rise and then fall
The value to the consumer is based upon adding up
A. the most each consumer is willing to pay for a good. B. the difference between most a consumer is willing to pay for a good and the least a firm is willing to sell the good for. C. the least a firm is willing to sell the good for. D. the average of the most a consumer is willing to pay for a good and the least a firm is willing to sell the good for.