Technological change is most likely to affect:
A. seasonal unemployment.
B. cyclical unemployment.
C. frictional unemployment.
D. structural unemployment.
Answer: D
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A public good is a good that is both rival and excludable
Indicate whether the statement is true or false
When an individual's MRP is not measurable, his or her market wage is usually determined by
A. The individual's comparable worth. B. The selling price of his or her output. C. His or her opportunity wage. D. The individual's MPP.
A reduction in the level of unemployment would have which effect with respect to the nation's production possibilities curve?
A. It would shift the curve to the left. B. It would shift the curve to the right. C. It would not shift the curve; it would be represented by moving from a point inside the curve toward the curve. D. It would not shift the curve; it would be represented by moving from a point on the curve to a point outside the curve.
Ouput Total Cost 0 $10 1 $20 2 $28 3 $38 4 $53 5 $73 6 $98 Refer to the provided table. The marginal cost of producing the sixth unit of output is
A) $98. B) $25. C) $10. D) $16.33.