The rate of full employment is usually considered to be:
(a) 100%.
(b) 98%.
(c) 97%.
(d) 96%.
Answer: (d) 96%.
You might also like to view...
Explain why some argue that income tax loopholes primarily benefit the rich
Producer surplus is
a. measured using the demand curve for a good. b. always a negative number for sellers in a competitive market. c. the amount a seller is paid minus the cost of production. d. the opportunity cost of production minus the cost of producing goods that go unsold.
A straight-line production possibilities curve takes this shape because
A) the opportunity cost of producing a good is constant. B) the opportunity cost of producing more of a good is decreasing. C) resources are better suited for producing one output than another. D) resources are fixed.
In the case of Interstate Bakeries and Continental Bakery, the Justice Department concluded that:
A. the merger of two firms selling close substitutes may lead to higher prices. B. Interstate Bakeries attempted to drive out Continental by using predatory pricing. C. a merger between the two companies would save money in production costs, and so would be good for consumers. D. Continental attempted to drive out Interstate Bakeries by using predatory pricing.