Refer to the given information. The unemployment rate is:
Answer the question on the basis of the following information about a hypothetical economy:
A. 18.8 percent.
B. 12.5 percent.
C. 16.7 percent.
D. 25 percent.
B. 12.5 percent.
You might also like to view...
Which of the following was not a lesson from the 2007-2009 financial crisis?
a. Financial regulations were too "light" prior to the crisis. b. Excessive complexity made the financial system more fragile and dangerous. c. Both monetary policy and fiscal policy are needed in order for the economy to recover. d. Regulatory failures were based primarily on poor job performance.
Which of the following examples is most likely part of the underground economy?
a. Sam opens a hot dog stand at a busy intersection of a city. b. Avery trades in a used car to an automobile dealership. c. Hudson earns money going from house to house offering to shovel snow. d. Chloe sells official team souvenirs outside of a ballpark.
Karl Marx said the people who control a society are the people who
A. run the government. B. own the land. C. own the plant and equipment. D. work in the factories.
Which of the following is a plausible solution to a distortion?
A. Imposing a tax or subsidy on the activity if the social marginal cost or the social marginal benefit exceeds the market price B. Shutting down any industry which is contributing to atmospheric pollution C. Imposing an importation ban on manufactured goods D. Centralizing the privately owned enterprises