Which of the following is a term referring to the percentage of adults in an economy who are either employed or who are unemployed and looking for a job?
a. unemployment rate
b. labor force participation rate
c. labor force
d. hidden unemployment
b. labor force participation rate
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The above figure shows the demand and supply curves for housing As a result of a rent ceiling at $500, the deadweight loss is represented by the area
A) rectangle feag. B) triangle gfe. C) triangle eca. D) triangle acb.
The demand for Cinnamon Toast Crunch brand cereal is:
A. less elastic than the demand for cereal in general. B. equally elastic to the demand for cereal in general. C. more elastic than the demand for cereal in general. D. None of the statements is correct.
The following accompanying table shows the relationship between the speed of a computer's CPU and its benefits and costs. Assume that all other features of the computer are the same (that is, CPU speed is the only source of variation), and only the CPU speeds listed below are available for purchase. CPU GHzTotal BenefitMarginal BenefitTotal CostMarginal Costs2.0$1,000 $900 2.5$1,400 $1003.0 $300$1,200 3.5$1,900 $1,500 4.0$2,000 $400 Application of the Cost-Benefit Principle would lead one to purchase a ________ computer.
A. 4.0GHz B. 3.0GHz C. 2.5GHz D. 2.0GHz
The percentage markups that sellers use
What will be an ideal response?