If new firms are expected to enter an existing market, ________
A) the market price is likely to fall
B) the market demand is likely to increase
C) the market supply is likely to fall
D) the profits of all firms are likely to increase
A
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If you win $1 million in a lottery and are paid in installments,
a. the future value of these payments is $1 million b. the present value of these payments equals $1 million if the interest rate is zero c. the present value of these payments equals $1 million if the interest rate is 10 percent annually d. the present value of the payments exceeds $1 million if the interest rate is positive e. the future value of the payments is less than $1 million if the interest rate is negative
Who among the following would not be considered officially unemployed?
a. Jones, who quit his job to look for a better job in another part of the country b. Jason, who got fired from his job when the government cut spending c. Bourne, who is looking for a job after being out of the labor force for five years d. Sophie, who retired early because she disliked her current job e. Annie, who dropped out of the labor force after a year of job search