To reduce structural unemployment, a nation should focus on:
a. Changing the exchange rate so more can be exported and less imported.
b. Improving educational opportunities and job training
c. Increasing government spending for the military.
d. Cutting income taxes.
e. All the above.
.B
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The income-expenditure model focuses on changes in price levels
Indicate whether the statement is true or false
The makers of the movie Titanic have some monopoly power over this film because the
A) movie is patented. B) name Titanic is trademarked. C) movie is protected by copyright law. D) government has issued the maker of this movie a public franchise. E) owner never price discriminated in marketing the movie.
Refer to the scenario above. If the investor plans to invest a sum of $4,000, which of the following statements is true?
A) All three investment options are equally profitable. B) Options A and B are profitable investment options, whereas Option C is not. C) Options A and C are profitable investment options, whereas Option B is not. D) Options B and C are profitable investment options, whereas Option A is not.
Adhira buys chocolates and almonds. She has 3 bars of chocolates and 4 bags of almonds. The marginal utility of the third chocolate bar is 18 units of utility and the marginal utility from the fourth bag of almonds is also 18
Is Adhira maximizing her utility? A) No, she must buy 1 more chocolate bar to equate her quantities of the two goods. B) No, she must cut back to 3 bags of almonds to equate her quantities of the two goods. C) No, without information on her income and the prices of the two goods, we cannot answer the question. D) Yes, the marginal utility from the last unit of each good is equal.