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

Economics

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Based on the information in Scenario 1, nominal GDP grew by about ________ percent from 2015 to 2016

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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.

Economics

______ efficiency means production will be allotted to reflect consumer preferences.

a. Allocative b. Productive c. Modified d. Marginal

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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.

Economics