Which of the following is generally not a result of increases in productivity per person?
A. increases in per capita income.
B. increases in GDP per capita.
C. increase in unemployment.
D. economic growth.
Answer: C
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To calculate the unemployment rate, which of the following are necessary pieces of information?
I. the number of unemployed persons II. the population III. the number of people in the labor force IV. the working age population A) I, II III and IV B) I and II C) I and III D) I and IV
Describe the alternative methods of allocating scarce resources
What will be an ideal response?
The portion of unemployment that is attributable to an overall decline in the economy's business activity is called: a. frictional unemployment. b. underemployment
c. cyclical unemployment. d. structural unemployment.
A firm that is operating at a loss may continue to operate for a while because of costs that it will still have to pay even if production ceases
a. True b. False Indicate whether the statement is true or false