Refer to Table 28-4. What is the adult unemployment rate in Meditor?

a. 10%
b. 6.7%
c. 6.25%
d. 4.2%


Answer: c. 6.25%

Economics

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In the Wealth of Nations, Adam Smith wrote about how countries could increase their consumption of goods and services through specialization and trade with other countries.

Answer the following statement true (T) or false (F)

Economics

Productivity growth in the U.S. averaged approximately 3 percent per year between 1947 and 1973; it has averaged approximately 5 percent annually since then

a. True b. False Indicate whether the statement is true or false

Economics

Which of the following provides an example of an externality? a. The air pollution generated when you drive your car

b. The view that passersby and neighbors enjoy when observing your rose garden. c. The free concerts neighbors hear when an accomplished musician practices at home. d. All of the above.

Economics

When one is considering the cost of taking a trip in their car, the average cost per mile includes some items of cost that are not included in the marginal cost of a mile drive. This statement is:

a. always true b. always false c. sometimes true and sometimes false depending on the circumstances d. absurd because marginal costs do not apply to mileage costs e. none of the above

Economics