Nicole has just finished high school and started looking for her first job, but has not yet found one. As a result, the unemployment rate
a. increases, and the labor-force participation rate is unaffected.
b. increases, and the labor-force participation rate increases.
c. is unaffected, and the labor-force participation rate increases.
d. increases, and the labor-force participation rate decreases.
B
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The table above gives the demand schedule for peas. Between point C and point D, the price elasticity of demand is
A) elastic. B) unit elastic. C) 0.75. D) 3.00.
The early U.S. canals and railroads were built by private enterprise without the aid of governments
Indicate whether the statement is true or false
For firms that sell one product in a perfectly competitive market, average revenue is:
A. calculated by total output divided by total revenue. B. equal to marginal cost. C. equal to the market price. D. greater than market price.
Losers from inflation include:
a. savers and borrowers. b. landlords and the government. c. borrowers and the government. d. those on a fixed income and borrowers. e. those on a fixed income and savers.