If the economy was operating at point O (where the two axes come together), we would have an unemployment rate of ______ percent.
A. 5
B. 50
C. 95
D. 100
D. 100
Economics
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Suppose that the Japanese yen appreciates significantly at some point, thus making Japanese imports more expensive. Japanese exporters may lower their profit margins to reduce the effect of the yen appreciation on U.S
importers, producing a phenomenon known as A) the J-curve. B) the absorption effect. C) pricing to market. D) international reserves compliance.
Economics
Since 1950, the labor force participation rate in the United States
A) of men and women both increased. B) of men increased and women decreased. C) of men and women both decreased. D) of men decreased and for women increased.
Economics
Is Water a Free Good?
Read the International Food Policy Research Institute's summary of Mark Rosegrant's article on water scarcity.
Questions:
- Is water a free good or a scarce good? Why?
- Why would a higher price for water reduce the likelihood of a future water shortage?
Economics
Three basic decisions must be made by all economies. What are they?
What will be an ideal response?
Economics