Providing unemployment insurance is one way a government can:
A. break up monopolies.
B. enforce rules of exchange.
C. create public-works programs.
D. reduce economic uncertainty.
Answer: D
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A country that shows a deficit in its financial account is a net creditor to the rest of the world
a. True b. False Indicate whether the statement is true or false
As recessions begin, income
a. and unemployment both fall. b. falls and unemployment rises. c. and unemployment both rise. d. rises and unemployment falls.
To maximize profit, the monopolist produces on the ________ portion of its demand where ________
A) elastic; P = MC B) elastic; MR = MC C) inelastic; P = MC D) inelastic; MR = MC
The use of robots in agriculture is an example of
A) organizational changes leading to increased productivity. B) decreasing returns to scale. C) neutral technical change leading to increases in productivity. D) nonneutral technical progress.