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.
A
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If a potato farmer expands output, he finds that the increase in total revenue is less than the increase in total costs. This means that:
a. profit is being maximized. b. he should not have expanded output. c. he should produce even more output. d. the firm is wasting resources. e. the farmer should go out of business.
According to the World View titled "Jeffrey Sachs: Big Money, Big Plans," how did Columbia University economics professor Jeffrey Sachs expect extreme poverty to be eliminated by 2025?
A. Rich nations must quadruple their foreign aid flows now, and poor nations need to be more accepting of help. B. Rich nations must double their foreign aid flows now and develop full-scale, comprehensive plans for the poor countries to reduce poverty. C. Rich nations must double their foreign aid flows now and then double them again in 10 years, while poor nations must develop full-scale, comprehensive plans for poverty reduction. D. Poor nations must develop full-scale, comprehensive plans for poverty reduction without the help of rich nations.