Politicians have an incentive to favor short-run policies because _____
a. because voters suffer from myopia
b. of special interests
c. they may be voted out of office before long-run policies bear fruit
d. of rational ignorance
c
Economics
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In the figure above, the number of unemployed workers is
A) 4,000. B) 3,000. C) 2,000. D) 5,000. E) zero.
Economics
Why do most firms in monopolistic competition typically make zero profit in the long run?
A) because firms produce differentiated products B) because the lack of entry barriers would compete away profits C) because firms do not produce at their minimum efficient scale D) because the total market is not large enough to accommodate so many firms
Economics