Suppose the natural rate of unemployment is 4 percent. If the actual unemployment rate is 4 percent, then the cyclical unemployment rate
A. is 4 percent.
B. is 8 percent.
C. is 0 percent.
D. cannot be determined given the information.
Answer: C
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Which of the following areas employed more workers as of 2016?
A. Educational and health services B. Business and professional services C. Retail trade D. Manufacturing companies
Use the graph below to answer the next question.
Other things equal, an increase the wages of nurses in the United States would:
A. move from b to a on D1. B. move from a to b on D1. C. shift from D2 to D3. D. shift from D3 to D2.
A young chef is considering opening his own sushi bar. To do so, he would have to quit his current job, which pays $20,000 a year, and take over a store building that he owns and currently rents to his brother for $6,000 a year. His expenses at the sushi bar would be $50,000 . for food and $2,000 for gas and electricity. What are his implicit costs?
a. $26,000. b. $66,000. c. $78,000. d. $52,000. e. $72,000.
The example of segregated streetcars in the southern United States in the early twentieth century is one example of
a. racial discrimination by firms, despite government efforts to halt it. b. racial discrimination by firms with no government action either to halt it or to support it. c. government-mandated racial discrimination. d. a failure to find any discrimination where most would expect to find it.