Bob is unemployed if he
A. has looked for a job for two months and then quit looking.
B. is not looking for a job.
C. is temporarily absent.
D. A and C are correct.
Answer: C
Economics
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The government can turn a shortage of a good into a surplus by
A) imposing a sufficiently low ceiling price. B) offering subsidies to producers. C) persuading producers to increase the amount of the good available. D) supporting the price of the good above the market clearing level.
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Cost-reducing technological advancements allow suppliers to earn more profits but have no noticeable effect on the supply curve.
Answer the following statement true (T) or false (F)
Economics