A graph of total fixed cost
a. is a downward sloping line.
b. is a straight horizontal line.
c. is an upward sloping line.
d. has a U-shape.
b. is a straight horizontal line.
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The increased generosity of unemployment insurance programs in Canada as compared to the United States should
A) raise the duration of unemployment in the United States. B) have no impact on the duration of unemployment in Canada. C) increase the duration of unemployment in Canada as compared to the United States. D) decrease the duration of unemployment in Canada as compared to the United States.
GDP includes:
A. the negative attributes from erosion and deforested landscape. B. all quality improvements resulting from higher quality goods replacing inferior goods. C. the cleaning-up expenses associated with pollution. D. the value of leisure time.