The EITC tends to
a. increase employment just like the minimum wage does.
b. decrease employment just like the minimum wage does.
c. increase employment whereas the minimum wage decreases employment.
d. decrease employment whereas the minimum wage increase employment.
C
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The kinked demand curve:
a. applies when competitors match price decreases but not price increases. b. could apply to market demand in any market structure. c. applies when competitors match price increases but not price decreases. d. applies to the price leadership model. e. applies when competitors act independently.
The production possibilities curve shows the different combinations of goods that can be produced with a set of given resources
Indicate whether the statement is true or false
The monopolist's profit-maximizing quantity of output is determined by the intersection of which of the following two curves?
a. marginal cost and demand b. marginal cost and marginal revenue c. average total cost and marginal revenue d. average variable cost and average revenue
Answer the following question based on the graph showing the median voter. If candidate A took a position at VM, she would have the best chance of winning if she convinced voters that candidate B is taking a position ______.
a. as far as possible from VM
b. just to the left of V2
c. just to the right of V1
d. as near as possible to VM