Governments that steal from their own citizens are known as ________

A) pure democracies
B) kleptocracies
C) Mugabes
D) antediluvians

B

Economics

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Full employment occurs when the

A) cyclical unemployment rate equals the natural unemployment rate. B) structural unemployment rate equals zero. C) unemployment rate equals the natural unemployment rate. D) natural unemployment rate equals the frictional unemployment rate. E) structural unemployment rate equals the frictional unemployment rate.

Economics

If marginal revenue exceeds marginal cost, a profit-maximizing monopolist will

a. raise price and decrease output. b. lower price and increase output. c. reduce both output and price. d. hold output constant and raise price.

Economics