Refer to the table shown. If total output is 41, level of employment is:Number of workersMarginal product of workers1527384105116775839010?1
A. 4.
B. 5.
C. 6.
D. 7.
Answer: B
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The unemployment rate is calculated as
A) [(labor force) ÷ (population)] × 100. B) [(unemployment) ÷ (population)] × 100. C) [(unemployment) ÷ (labor force)] × 100. D) [(labor force) ÷ (unemployment)] × 100.
What are three primary reasons for the growth of international trade over the past 50 years?
What will be an ideal response?
Which of the following will increase the supply of vanilla ice cream?
a. an increase in the price of vanilla beans (an ingredient in ice cream) b. a decrease in the sales tax on restaurant bills c. an increase in the price of chocolate ice cream d. a decrease in the price of milk (an ingredient in ice cream) e. an increase in the price of hot fudge
Supporters of consumer-driven health care assert that:
a. competitive markets are the most efficient way to allocate limited health care resources b. govenment agencies staffed by consumers should determine health care prices c. both of the above d. neither of the above