The difference between the actual unemployment rate and the natural unemployment rate is
A. the percentage of discouraged workers in the labor force.
B. frictional unemployment.
C. cyclical unemployment.
D. structural unemployment.
Answer: C
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Suppose that a paper producer dumps its waste into a local river. Explain why this situation is inefficient
What will be an ideal response?
At each point on the line of income equality, the percentage of total population and the percentage of total income are equal
a. True b. False Indicate whether the statement is true or false
Which of the following limits the price a monopolist charges?
a. patents b. copyrights c. competition from other firms d. market demand e. market supply
Which of the following statements is always true when inflation occurs?
a. Lenders benefit and borrowers suffer. b. Borrowers benefit and lenders suffer. c. The international competitive position of the country is negatively affected. d. The domestic money loses purchasing power. e. None of the above is true.