Unemployment benefits tend to be:
A. more generous in Europe, and this leads to fewer and shorter spells of unemployment.
B. more generous in Europe, and this leads to more and longer spells of unemployment.
C. less generous in Europe, and this leads to more and longer spells of unemployment.
D. less generous in Europe, and this leads to fewer and shorter spells of unemployment.
Ans: B. more generous in Europe, and this leads to more and longer spells of unemployment.
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As more bananas are consumed, other things constant, marginal utility tends to decrease at:
a. the same rate for all people. b. the same rate for all goods for a given person. c. the same rate for all people. d. different rates for different people and for other goods. e. different rates for different people, but at the same rate as other goods.
For a steel manufacturing firm, overhead costs would include:
a. cost of iron ore. b. cost incurred in buying blast furnaces. c. insurance premiums of the firm. d. wages of the workers. e. cost of electricity for running the machines in the factory.