Ceteris paribus, if seasonal unemployment increases, the seasonally adjusted economy is
A. On the production possibilities curve that shifts inward.
B. Outside the production possibilities curve.
C. On the fixed production possibilities curve.
D. Inside the production possibilities curve.
Answer: C
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Which of the following ideas apply to the neoclassical growth theory?
I. The rate of technological change influences the rate of economic growth. II. Technological change promotes saving and investment. III. Convergence of economic growth rates across countries A) I only B) III only C) I and II D) I, II and III
The break-even quantity is
a. 3000 b. 600 c. 500 d. 300
Which of the following statements is true?
A) Opportunity cost = explicit cost - implicit cost. B) Variable cost = wages + salaries + benefits. C) Total cost = fixed cost + variable cost. D) Total cost = fixed cost + implicit cost.
Secondary reserves consist of (1) _______; (2) _______; (3) ________; and (4) _______.
Fill in the blank(s) with the appropriate word(s).