If many of the workers who become unemployed as a result of a recession are retail workers:
A. they will return to employment once the government announces its stimulus and consumer confidence returns.
B. the retail sector is likely to remain permanently smaller.
C. the government likely will be unable to target its stimulus spending for these workers.
D. the government will have to rely on targeting "retail-ready" projects for stimulus spending.
Ans: C. the government likely will be unable to target its stimulus spending for these workers.
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Using average cost pricing to regulate a natural monopoly creates a deadweight loss
Indicate whether the statement is true or false
If the local cable TV company is a natural monopoly and required by regulators to set its price equal to marginal cost, there is a deadweight loss in the market and the firm might need a government subsidy to survive
Indicate whether the statement is true or false