It is best to view the official unemployment rate as a useful but imperfect measure of joblessness
a. True
b. False
Indicate whether the statement is true or false
True
Economics
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The opportunity cost of current consumption is:
A) nominal wage rate. B) the inflation rate. C) real wage rate. D) the real interest rate.
Economics
In order to extract the entire consumer surplus, a firm should set prices exactly equal to the price that an individual actually pays
a. True b. False Indicate whether the statement is true or false
Economics
A perfect monopoly:
A. restricts output to maximize profits. B. has no competition at all. C. has complete market control. D. All of these statements are true.
Economics
What type of economic system is the United States economy based on?
a. cause and effect b. centralized c. market d. production
Economics