Which of the following would be likely to lead to a decrease in the natural rate of unemployment?
A. a decrease in the length of time during which people can receive unemployment benefits
B. a prolonged recession
C. an increase in the number of teenage workers in the workforce
D. all of the above
Answer: A
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In the United States, the central bank is called the:
A) Federal Reserve Bank. B) National Bank of America. C) Reserve Bank of America. D) Bank of America.
A cartel price will be established at the quantity where
A) total cost equals the industry total revenue. B) average cost equals the industry revenue. C) the sum of the members' marginal costs equals industry marginal revenue. D) marginal cost equals industry price.
If a resource is unemployed, it
a. is also underemployed b. is utilized, but not in its most productive employment c. is not utilized d. is not counted as a resource for the economy e. must be a labor resource
Refer to the information provided in Figure 2.4 below to answer the question(s) that follow.
Figure 2.4According to Figure 2.4, as the economy moves from Point D to Point B, the opportunity cost of hybrid cars, measured in terms of motorcycles,
A. initially increases, then decreases. B. increases. C. remains constant. D. decreases.