Which of the Following Statements Is False

question 157

Multiple Choice

Which of the following statements is false?

• A)A perfectly competitive firm is resource-allocative efficient, but a monopolistic competitive firm is not.
• B)An oligopolistic firm is not resource-allocative efficient.
• C)An oligopolist produces that quantity of output at which price is equal to marginal cost.
• D)A monopolistic competitive firm produces a quantity of output at which price is greater than marginal cost.

Understand the categorization of unemployed individuals, including marginally attached workers and discouragement in job search.

Distinguish between different types of unemployment: cyclical, frictional, structural, and their impact on the economy.

Evaluate the effects of unemployment insurance and policies on job search behavior and the economy.

Interpret data tables related to employment and unemployment for analysis.

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Definitions:

Multiple-Hurdles Approach

A selection process where candidates must pass through several stages or assessments, each acting as a "hurdle," to be considered for a position.

Mathematical Ability

The capacity to understand, manipulate, and use numbers and mathematical concepts effectively.

Social Skills

The abilities used to communicate, interact, and build relationships with others effectively.

Adverse Impact

A concept in employment law referring to employment practices that appear neutral but have a discriminatory effect on a protected group.