During the month of May, 10 million workers moved from being classified as "unemployed" to being classified as "employed." As a result,
A) the labor force participation rate fell. B) the labor force participation rate rose.
C) the unemployment rate rose. D) the unemployment rate fell.
D
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If the tariff on computers is not changed, but domestic computer producers shift from domestically produced semiconductors to imported components, then the effective rate of protection in the computer industry will
A) increase. B) decrease C) remain the same. D) depend on whether computers are PCs or "Supercomputers." E) no longer apply.
Once produced, Nonexcludable goods are _____
a. difficult to keep employees from stealing b. difficult to keep people from consuming without paying for them c. difficult to keep people from consuming at any price d. available to anyone if they want to pay for it
If Robin has an absolute advantage in both gardening and baking when compared to Robert, then
a. Robin cannot benefit by trading with Robert b. Robin can benefit by specializing in gardening if Robert specializes in baking c. Robin can benefit by specializing in baking if Robert specializes in gardening d. Robin and Robert may benefit from trading, but there is insufficient information to determine who should specialize in what e. neither Robin nor Robert can benefit from trading with the other
The rule of reason was applied in the Alcoa case
a. True b. False Indicate whether the statement is true or false