If the number of people employed is 240,000 and the labor force is 250,000, the unemployment rate is
A. 2.4%.
B. 2.9%.
C. 4.0%.
D. 4.7%.
Answer: C
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Suppose that a price-discriminating producer divides its market into two segments
If the firm sells its product at a price of $34 in the market segment with relatively less-elastic customer demand, the price in the market segment with more-elastic customer demand will be A) less than marginal revenue in that market segment. B) less than $34. C) equal to marginal revenue in that market segment. D) greater than $34.
In many cases, tax loopholes are designed by Congress to
a. give special treatment to specific types of behavior. b. reduce the overall administrative burden of the tax system. c. raise revenues for special projects. d. All of the above are correct.
Suppose the nation of Alphonia was charged with dumping electric lawnmowers in the nation of Omegalon. The charge of dumping electric lawnmowers in the Omegalon market means that Alphonia was accused of:
A. selling faulty electric lawnmowers in Omegalon. B. selling electric lawnmowers below cost or below domestic prices. C. selling counterfeit-branded electric lawnmowers in Omegalon. D. discarding electric lawnmowers which would not sell in their home country.