Which of the following would tend to increase the natural unemployment rate?
a. The creation of national unemployment offices to increase the information about job openings
b. Recessionary downturns in the economy that result in massive layoffs of auto workers
c. Sociological changes that encourage people to seek employment
d. The creation of government subsidies for workers who relocate into areas where new jobs can be found
e. Less government money made available as unemployment compensation
c
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Suppose Cournot duopolist firms operate with each having a cost of 30qi (i = 1,2 ) so that each firm's marginal cost is 30. The inverse market demand curve is P = 120 - Q where Q = q1 + q2. At the Nash-Cournot equilibrium, the market price, P, is
A) 30. B) 45. C) 60. D) 90.
Because it is
a. neither excludable nor rival in consumption, a tornado siren is a common resource. b. neither excludable nor rival in consumption, a tornado siren is a public good. c. excludable but not rival in consumption, a tornado siren is a club good. d. rival in consumption but not excludable, a tornado siren is a common resource.