According to published data pertaining to unemployment rates in selected European countries, the natural rate of unemployment
a. has been rising over the past three decades.
b. declined sharply over the last three decades.
c. has been lower than in the U.S. in the 1990s.
d. has not changed much over the past three decades.
e. Both a and c
A
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Which of the following is INCORRECT regarding monopoly and profits?
A) The mere existence of a monopoly does not guarantee high profits. B) Numerous monopolies have gone bankrupt. C) A monopolist will never experience economic losses. D) The monopolist reaches profit-maximizing output by trial and error.
What can be determined by looking at this production possibilities curve?
a. Studying longer will not improve the grade in economics.
b. It is not possible to get an A in both classes.
c. The highest attainable history grade is a B.
d. It takes less studying to get an A in history than in economics.