Suppose that the current overall unemployment rate is 7.5%. If structural unemployment is 1.5%, frictional unemployment is 3%, and cyclical unemployment is 2%, what is the unemployment rate that is due to seasonal factors?
a. 14.0%
b. 5.5%
c. 4.5%
d. 6.0%
e. 1.0%
E
Economics
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Some labor union wage contracts contain a cost-of-living adjustment indexed against _____________.
a. inflation b. consumer prices c. cost of materials d. profits
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What key assumption for perfect competition would lead you to believe that fast food is not a perfectly competitive industry explain why.
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Figure 12.8 depicts an advertising game between two stores. Which of the following statements is correct?
A. Both stores have a dominant strategy. B. Neither store has a dominant strategy. C. Only Store A has a dominant strategy. D. Only Store B has a dominant strategy.
Economics
Which of the following is NOT correct?
A. ATC + AVC = AFC B. ATC = TC/Q C. AVC = TVC/Q D. MC = change in TC/change in Q
Economics