The general public disapproved of key features of the 1996 welfare legislation
Indicate whether the statement is true or false
F
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When economies of scale are present, the LRAC curve touches each short-run ATC curve
A) to the left of the ATC curve's minimum point. B) to the right of the ATC curve's minimum point. C) at the ATC curve's minimum point. D) at no points.
In a competitive labor market, marginal revenue product equals marginal product times the wage rate
a. True b. False Indicate whether the statement is true or false
Since 1950, there has been ____ in the labor force participation rate
a. no change b. an increase c. a decrease d. first an increase and then a significant decrease
Suppose the president of country A opens this economy to trade with the rest of the world in 2010. Furthermore, suppose that the investment demand is the same as in 2009. Now, instead of being provided the equilibrium level of SP, we are provided with the SP curve: r =0.025+0.000025Q, where r is still the real interest rate. We are also told that the capital inflow equals $200 billion in 2010. For this part of the problem assumed that the government has a balanced budget in the year 2010. Is this country borrowing from or lending to foreign countries?
What will be an ideal response?