If a firm is using optimal input proportions, it is minimizing its costs
a. True
b. False
Indicate whether the statement is true or false
True
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Suppose the labor force stays constant, and the working-age population stays constant, but a greater number of persons who were unemployed become employed. The labor force participation rate will
A) decrease. B) remain constant. C) increase. D) not change in a way that can be predicted.
In Thailand in the late 1990s, there was pressure for the value of the baht to decline as foreign investors began to
A) increase their investments in Thailand and exchanged their dollars for baht. B) increase their investments in Thailand and exchanged their baht for dollars. C) sell off investments they had made in Thailand and traded in their baht for dollars. D) sell off investments they had made in Thailand and traded in their dollars for baht.
The flypaper effect is _____
a. that government grants get shifted around to other uses b. that government grants get spent on what they were intended to be spent on c. that government grants are used to lower tax rates d. that government grants are not used by local governments
Unemployment that is of a short duration to allow time to find a new job is:
a. cyclical unemployment. b. frictional unemployment. c. durational unemployment. d. structural unemployment.