What was the unemployment rate in 2006 in Table 6.1?Table 6.1 200420052006Working Age Population200 million225 million275 millionLabor Force150 million165 million200 millionUnemployed5 million15 million35 million
A. 72.7 percent.
B. 51.6 percent.
C. 12.7 percent.
D. 17.5 percent.
Answer: D
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A tariff is a
The benefit that Jack receives from consuming a pack of french fries is 10 utils. He expects a future health cost of eating french fries at 20 utils
If Jack discounts delayed utils with a weight of 1/4, should he consume french fries? Explain your answer.
A country's balance of payments shows a
A) detailed record of the import and export of services for the country. B) detailed record of the country's imports. C) summary record of international financial assistance received by the country. D) summary record of a country's economic transactions with foreign residents and governments over a year.
Economists refer to a budget deficit that exists when the economy is achieving full employment as a:
A. cyclical deficit. B. cyclically adjusted deficit. C. natural deficit. D. nonrecurring deficit.