Answer the next question on the basis of the following information about the hypothetical economy of Asland. All figures are in millions.Unemployed7Total population145Employed95Discouraged workers3The unemployment rate in Asland is
A. 5.0%.
B. 6.9%.
C. 3.2%.
D. 2.5%.
Answer: B
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Suppose a buyer and a seller agree to split the cost of hiring an interpreter who charges $4 per transaction. The seller's opportunity cost is $35, while the buyer values the good at $45 . If the gains from this transaction are split equally between the buyer and the seller, how much will each gain from this transaction?
a. $10 b. $4 c. $3 d. $5
What are the alternative views to the human capital theory with respect to the role of education?
What will be an ideal response?
Figure 8.8 shows demand, marginal revenue, and costs of a duopolist. Suppose that the two duopolists have the same costs. If the two firms form a cartel and charge the profit-maximizing monopoly price, then compared to perfect competition, each firm's profit will be ________ and the total output level will be ________.
A. greater; greater B. greater; smaller C. smaller; greater D. smaller; smaller
Offshoring became a concern in the 1980s when modern communication and transport technology made it possible for firms to relocate production abroad
Indicate whether the statement is true or false