By 2016, the unemployment rate in the US had fallen from a peak of 10% in 2009 to:

A. under 5%.
B. 7.8%.
C. 6.2%.
D. under 3%.


A. under 5%.

Economics

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Scott and Cindy both produce only pizza and tacos. In one hour, Scott can produce 20 pizzas or 40 tacos. In one hour, Cindy can produce 30 pizzas or 40 tacos. Cindy's opportunity cost of producing 1 taco is

A) 3/4 of a pizza. B) 1 pizza. C) 30 pizzas. D) 40 pizzas. E) 1 1/3 tacos.

Economics

Economic efficiency is achieved

a. automatically in a capitalist economy b. when every possible Pareto improvement is exploited c. when all markets are monopolized d. if income is fairly distributed e. whenever a voluntary transaction takes place

Economics

Basic economics indicates that the cornerstones of economic progress are

What will be an ideal response?

Economics

Firms are likely to prefer a pollution tax to a command-and-control policy because the command-and-control policy will:

A. increase the costs of production more than a pollution tax. B. result in the price of the good rising more than under a pollution tax. C. result in consumers buying less of the good than under a pollution tax. D. All of these

Economics