If the official unemployment rate increases from February to March because of sluggish sales in the automobile industry, then the increase can be blamed on:
a. seasonal unemployment.
b. cyclical unemployment
c. structural unemployment.
d. frictional unemployment.
e. underemployment.
b
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Based on the information in Scenario 1, nominal GDP grew by about ________ percent from 2015 to 2016
A) 23 B) 31 C) 62 D) 162
As a firm produces more and more DVDs, the average cost of producing each DVD falls. A curve showing the behavior of the average cost of a DVD as more DVDs are produced
A) would be positively and then negatively sloped. B) would be positively sloped. C) would be horizontal. D) would be negatively sloped.
______ efficiency means production will be allotted to reflect consumer preferences.
a. Allocative b. Productive c. Modified d. Marginal
Refer to the table shown. The average variable cost of producing five bicycles per week is:Output(bicycles per week)Total cost (dollars)110022003310444055806730790081,200
A. $116. B. less than or equal to $116. C. greater than or equal to $140. D. $140.