As output rises
A. fixed cost is constant and average fixed cost falls.
B. fixed cost and average fixed cost both fall.
C. fixed cost and average fixed cost are constant.
D. fixed cost falls and average fixed cost is constant.
A. fixed cost is constant and average fixed cost falls.
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The principal effect of unemployment insurance on the entire U.S. economy is
a. that it spreads the costs of unemployment. b. that it eliminates the social costs of unemployment. c. that it reduces the social costs of unemployment. d. the reduction in the federal debt.
Which of the following would be most likely to improve the standard of living of a less-developed country?
What will be an ideal response?
Some economists believe that because the government ______________ discouraged workers as unemployed, the unemployment rate is biased ________________
a. counts; upward b. counts; downward c. does not count; upward d. does not count; downward
If the number of unemployed equals 125,000 and the number of employed equals 275,000, the labor-force participation rate
A. is 31.2%. B. is 68.8%. C. is 75%. D. cannot be determined from this information.