Unemployment rates ________________ over time.
a. increase
b. fluctuate
c. decrease
d. stabilize
b. fluctuate
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Which of the following is a CORRECT statement?
A) Producer surplus is an external benefit. B) Consumer surplus is an external benefit. C) A government subsidy paid to a producer is an external benefit. D) None of the above statements are correct.
What are two main obstacles to increased international integration?
What will be an ideal response?
Long lines
a. and discrimination according to seller bias are both inefficient rationing mechanisms because they both waste buyers' time. b. and discrimination according to seller bias are both inefficient rationing mechanisms because the good does not necessarily go to the buyer who values it most highly. c. are an inefficient rationing mechanism because they waste buyers' time, and discrimination according to seller bias is an inefficient rationing mechanism because the good does not necessarily go to the buyer who values it most highly. d. are an inefficient rationing mechanism because the good does not necessarily go to the buyer who values it most highly, and discrimination according to seller bias is an inefficient rationing mechanism because it wastes buyers' time.
If this is a closed economy, how much will a bushel of corn cost?
A. $7 B. $5 C. $1 D. $3