The smaller the extent of job rationing, the

A) higher the labor supply.
B) lower the labor force participation rate.
C) lower potential GDP.
D) higher the real wage rate.
E) lower the unemployment rate.


E

Economics

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In the figure above, the length of the double sided arrow is the

A) consumer surplus. B) deadweight loss. C) producer surplus. D) economic loss per unit. E) economic profit.

Economics

The table below gives the quantities and prices for 2005 and 2015 for an economy that produces just two goods: sailboats and coconuts. Quantities ProducedPrices?2005201520052015Sailboats1020$500$525Coconuts2,0002,400$1$2 For this economy that produces just sailboats and coconuts, and with 2005 as the base year, nominal GDP was approximately ________ times larger in 2015 than it was in 2005.

A. 2.19 B. 1.34 C. 1.65 D. 1.77

Economics

Which of the following are primary functions of a central bank?

I. act as a regulator of banks II. issue government bonds III. set monetary policy IV. regulate dividend payments by corporations A) I, II, III, and IV B) I, II, and III C) I and III D) I and II

Economics

The marginal benefit of pollution abatement is graphically illustrated by

A) an upward sloping curve. B) a downward sloping curve. C) a horizontal curve. D) a vertical curve.

Economics