Diane lost her job and immediately started looking for another job. As a result the
A. unemployment rate remains constant.
B. labor force increases.
C. labor force decreases.
D. unemployment rate increases.
Answer: D
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At the natural unemployment rate, there is no
A) frictional unemployment. B) structural unemployment. C) cyclical unemployment. D) unemployment.
If 10 firms share the sales of the market equally, the four-firm concentration ratio is ________ percent
A) 100 B) 40 C) 10 D) 5
Dioxin emission that results from the production of paper is a good example of a negative externality because
a. self-interested paper firms are generally unaware of environmental regulations. b. there are fines for producing too much dioxin. c. self-interested paper producers will not consider the full cost of the dioxin pollution they create. d. toxic emissions are the best example of an externality.
The opportunity cost to society of producing one more unit of the good is
A) average cost. B) marginal cost. C) efficiency costing. D) the optimal cost.