If the number of unemployed workers is 200 million, and the number in the labor force is 500 million, what is the unemployment rate?
A) 0.4% B) 4% C) 14% D) 40%
D
You might also like to view...
If firms in an oligopolistic industry consistently cut their price to sell more output, what price and output will result?
A) the monopoly price and output B) the competitive price and output C) the monopolistically competitive price and output D) a price lower than the competitive price and less output than the competitive amount E) a price lower than the competitive price and more output than the competitive amount
What is meant by risk neutrality?
What will be an ideal response?
The perfectly competitive market structure benefits consumers because
A) firms add a much smaller markup over average cost than firms in any other type of market structure. B) firms produce high-quality goods at low prices. C) firms do not produce goods at the lowest possible price in the long run. D) firms are forced by competitive pressure to be as efficient as possible.
An inframarginal externality is where_____
a. there are spillover benefits and costs, both in total and on the margin. b. there are spillover benefits and costs, but only in total. c. there are no spillover benefits, but there are marginal costs d. there are spillover benefits and costs, but they relate only to infrared technology