Higher prices may serve the public interest when
A. there is a shortage of goods or services available.
B. there is an equal distribution of traffic on alternate routes.
C. higher prices never serve the public interest.
D. lower prices signal scarcity.
Answer: A
Economics
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What is another name for the natural unemployment rate?
a. Non-deteriorating low-inflationary unemployment (NDLIU) b. Natural rate of no-inflation unemployment (NRNIU) c. Non-accelerating-inflation rate of unemployment (NAIRU) d. Non-inflationary rate of low unemployment (NIRLU) e. Natural unaffected rate of inflationary unemployment (NURIU)
Economics
Refer to the graph below. Which of the output levels is the profit-maximizing output level for this firm?
A. Q1
B. Q2
C. Q3
D. Q4
Economics