If the U.S. economy enters a recession, the
A. entire population will be partially unemployed.
B. unemployment rate tends to increase.
C. labor force tends to increase.
D. economy experiences full employment.
Answer: B
Economics
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If the market for bottled water is perfectly competitive, how will the following aspects differ in the short run and in the long run?
a. Use of inputs b. Market supply curve of bottled water when firms have identical cost structures c. Profitability of firms with identical cost structures d. Condition to stop production e. Average cost curves of a firm f. Number of firms
Economics
The primary source of revenue for local governments is _____
a. income taxation b. sales taxation c. estate taxation d. property taxation
Economics