Refer to Figure 1.7. Which of the following points show unemployment of resources above the normal rate?
A. N.
B. H.
C. D.
D. J.
Answer: B
You might also like to view...
Player 1 and Player 2 are playing a game in which Player 1 has the first move at A in the decision tree shown below. Once Player 1 has chosen either Up or Down, Player 2, who can see what Player 1 has chosen, must choose Up or Down at B or C. Both players know the payoffs at the end of each branch. 
What is the equilibrium outcome of this game?
A. Player 1 chooses Up and Player 2 chooses Down. B. Player 1 chooses Down and Player 2 chooses Up. C. Player 1 and Player 2 both choose Up. D. Player 1 and Player 2 both choose Down.
In an oligopoly, following a rival’s decrease in price tends to eliminate the
a. income effect. b. substitution effect. c. multiplier effect. d. random effect.
The Articles of Confederation established what form of government?
A. Republic b. Monarchy C. Oligarchy D. Participatory democracy
The alternative combinations of goods and services that can be produced in a given time period with the available resources and technology is the:
A. Production possibilities. B. Consumption possibilities. C. International trade balance. D. Comparative advantage.