Economics is a part of the
A) social sciences.
B) natural sciences.
C) biological sciences.
D) organizational sciences.
A
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If the federal government implements programs so that the unemployed are more quickly matched with jobs, then
A) the natural rate of unemployment will decrease. B) the natural rate of unemployment could either increase or decrease. C) the natural rate of unemployment will not change. D) the natural rate of unemployment will increase.
Assume that at the current market price, a perfectly competitive firm's profit-maximizing level of output yields total revenues that are just equal to total costs. Which of the following statements applies to this firm?
A) The firm should shut down right now. B) The firm should continue to operate in the short run to minimize losses, but shut down if things don't improve over the long run. C) The firm is earning zero economic profit and should continue to operate. D) The firm should increase its explicit costs to reduce its tax burden.
The ownership of radios increased from ___ percent in 1920 to ___ percent in 1930
a. 10; 70 b. 5;10 c. less than one; 40 d. Radio was not popularized beyond hobbyists until the 1930s
According to the text discussion of efficient capital markets, which of the following would a well-trained economist recognize as logical and expected?
A. Experienced investors pay handsome sums to get investment advice from expert advisors B. Monkeys throwing darts at a financial page can hit stocks that perform as well as stocks picked by financial experts C. The best managed companies usually earn higher returns than companies rated lower on the list of well managed companies D. Only expert investors should invest in the stock market