The current U.S. unemployment insurance program
a. tends to significantly lower the unemployment rate.
b. tends to modestly lower the unemployment rate.
c. has no effect on the unemployment rate.
d. tends to raise the unemployment rate.
D
Economics
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If the demand for a product is elastic, then a rise in price will:
a. cause total spending on the good to increase. b. cause total spending on the good to decrease. c. keep total spending the same, but reduce the quantity demanded. d. keep total spending the same, but increase the quantity demanded.
Economics
One reason regulators push for higher prices in an industry is to
a. prevent excess profits in the industry. b. protect the public from excessively low prices. c. encourage usage of the good or service. d. protect against the demise of existing firms.
Economics