The imposition of a tax on a product
A. shifts the demand curve to the right.
B. shifts both the supply and the demand curve to the right.
C. shifts the supply curve to the left.
D. shifts the supply curve to the right.
Answer: C
Economics
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Some of the cost curves for Ike's Ice Cream Kitchen are given in the above figure. At which of the following levels of output does the marginal product of labor equal the average product of labor?
A) at 0 gallons B) at 10 gallons C) at 40 gallons D) at 60 gallons
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Bob is unemployed because his skills have become obsolete due to technological advances. This is ____ unemployment.
A. frictional B. structural C. cyclical D. seasonal
Economics