An analysis of IBM's pricing decisions would be classified as a macroeconomic study
a. True
b. False
Indicate whether the statement is true or false
False
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What was the main finding of Ramey's study on government expenditure multipliers?
What will be an ideal response?
For twenty years, Jim was a customer service representation at a call center in Minnesota. In order to save money, his firm moved the call center to India and laid off Jim two years ago. Jim has been unable to find a similar job anywhere
Jim's unemployment is best classified as A) cyclical. B) competitive. C) structural. D) frictional. E) transported.
The Federal Trade Commission:
a. was abolished by the Celler-Kefauver Act. b. was established when the Antitrust Division of the Justice Department was eliminated. c. largely deals with utility regulation. d. is a weak and ineffective government agency. e. investigates unfair and deceptive trade practices.
In the short run, if average variable cost equals $50, average total cost equals $75, and output equals 100, the total fixed cost must be
a. $25. b. $2,500. c. $5,000. d. $7,500.