The term natural rate of unemployment refers to the minimum level of unemployment that occurs even when the economy is healthy
a. True
b. False
Indicate whether the statement is true or false
True
Economics
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Distinguish the concepts of comparative advantage and absolute advantage
What will be an ideal response?
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What is the best response of firm A, given firm B is charging a High Price?
a. Charge a low price b. Charge a high price c. Charge zero, give the good away d. All of the above
Economics
Maria goes shopping for wedding shoes and is willing to pay $50 . She pays only $20 because the shoes she wants are on sale. Does she gets a consumer surplus? If so, how much?
a. yes, $50 b. yes, $20 c. yes, $70 d. yes, $30 e. no, there is no consumer surplus because the price was a sale price
Economics
What is structural unemployment?
What will be an ideal response?
Economics