In Dakistan, 3M people work, 0.5M are unemployed and get UI benefits, 0.1M are unemployed without UI benefits and 3M have no intention to work. The unemployment rate is (to the nearest %)
A) 7%.
B) 9%.
C) 14%.
D) 17%.
D
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Angelina, age seven, decides to dress up like Princess Fiona for Halloween. What is the opportunity cost of her decision?
A) the cost of the costume B) zero, because seven-year-olds don't have opportunity costs C) the fact that she can't dress up like Dora the Explorer, her second choice D) the cost of the Lady Gaga costume which she did not want
Refer to Figure 15-2. If the firm's average total cost curve is ATC2, the firm will
A) suffer a loss. B) break even. C) make a profit. D) face competition.
The theory of the long-run in perfect competition helps to provide a rationale for the belief in a limited role for government in society
a. True b. False Indicate whether the statement is true or false
Which of the following is an example of a factor payment?
a. The U.S. government pays Sunset Farms a subsidy of $1 million per year. b. Yves is an entrepreneur who earns a profit of $2 million for putting capital together for a firm. c. Alchemy Chemicals uses $500,000 to replace worn out equipment. d. Healthy Grocers pays $750,000 to increase its stock of organic preserves.