Given the data in Table 6.1, the unemployment rate of Metropolis is approximately
A) 6 percent. B) 9 percent. C) 12 percent. D) 22 percent.
A
You might also like to view...
Use the following data to answer the next question. The disposable income (DI) and consumption (C) schedules are for a private, closed economy (an economy with no government and no international trade). All figures are in billions of dollars.Disposable IncomeConsumption$300$310350340400370450400500430If disposable income is $550, we would expect consumption to be
A. $430. B. $460. C. $450. D. $470.
Use the above figure. The profit-maximizing output and price for this monopolistically competitive firm are respectively
A) 100 and $19. B) 160 and $13. C) 160 and $16. D) 210 and $15.
In an increasing cost industry, an increase in industry output will
A) lead to a higher market price. B) lead to a lower market price. C) shift each firm's average fixed cost curve down. D) shift each firm's short run supply curve down.
Fixing a payment schedule in an agreement:
a. allows the seller to easily access loanable funds. b. increases the uncertainty associated with the cost of production. c. allows the seller to charge a high price for his product. d. ensures the delivery of goods at a high price.