The unemployment rate equals the percentage of the adult population that is unemployed

State and local governments finance expenditures mainly from

A) tax revenue. B) government bonds issued at the state level. C) funds provided by the federal government. D) private bank loans. E) lottery funds.

Which of the following statements is true for a monopolist?

a. a monopolist will charge the highest price for which he can sell units of his product. b. unregulated monopolists can gain by producing their chosen output at a low cost. c. if a firm has a monopoly, it will always be able to earn economic profit. d. none of the above statements are true.