Given the following information, compute the unemployment rate: 6 million unemployed, 124 million employed.
What will be an ideal response?
6/130 = 4.6 percent
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Fill out the table and answer the question below. 
Marginal product is negative when ________ units of labor are employed.
A. 5 units of labor are employed. B. 7 units of labor are employed. C. 6 units of labor are employed. D. both b and c.
Comparing a perfectly competitive market to a monopoly, which of the following is true?
A. Price will be higher and quantity will be lower in the perfectly competitive market than in the monopoly. B. Price will be higher than marginal cost in the perfectly competitive market but will be equal to marginal cost in the monopoly. C. Price will be equal to marginal revenue in the perfectly competitive market but will be higher than marginal revenue in the monopoly. D. at that point on the market demand curve which intersects the marginal cost curve, the monopolist and the perfectly competitive firm will maximize profits.
If you watch a football game on a cable TV, the cable TV is:
A. an excludable good/service but nonrival in consumption. B. an excludable good/service and rival in consumption. C. a non-excludable good/service but rival in consumption. D. a non-excludable good/service and nonrival.
Normative economics
A. predicts the consequences of alternative actions. B. is the focus of most modern economic reasoning. C. answers the question "What ought to be?" D. answers the question "What is?"