Which of the following is NOT an economic function of the U.S. government?
A) promoting competition
B) providing public goods
C) promoting price stability
D) encouraging production of government-inhibited goods
D
Economics
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The table above shows output and costs of Evan's Subs, a typical perfectly competitive firm in a local market for sandwiches. Evan's fixed cost is $9 per hour. The current market price of a sandwich is $6. What is Evan's shut-down price?
A) $6 per sandwich B) $4 per sandwich C) $3 per sandwich D) $5 per sandwich
Economics
The employment-population ratio is
a. percentage of the population unemployed b. percentage of the population employed c. the same as the unemployment rate d. always greater than 1 e. percentage of the population employed by the private sector.
Economics