Unemployment compensation is an example of a(n)
a. discretionary stabilizer
b. countercyclical stabilizer
c. cyclical stabilizer
d. labor stabilizer
e. automatic stabilizer
E
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Refer to Figure 9-3. What is the area that represents revenue to foreign producers who are granted permission to sell in the U.S. market when there is a quota?
A) I + J + K+ L B) E + I + J + M C) I + J D) G + H + I + J
Which of the following is a factor that is relevant to country risk analysis?
A) political uncertainty B) external debt C) economic growth D) all of the above.
When a product's price increases from $800 to $1,200, the quantity demanded decreases from 11,000 to 9,000 . Based on this information, the price elasticity of demand (in absolute terms) is estimated to be equal to: a. 0.5
b. 2.0. c. 0.25. d. 4.0.
The table above gives the cost of producing T-shirts. The total fixed cost is ________ and the marginal cost of increasing production from 5 to 6 T shirts is ________
A) $20; $6 B) $20; $10 C) $10.40; $8 D) unable to be determined; $8