The rate of unemployment is found by
A) dividing the number unemployed by the number of people in the labor force.
B) dividing the number employed by the number of people in the labor force.
C) dividing the number unemployed by the number employed.
D) dividing the number employed by the number unemployed.
A
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How is the gain from imports distributed between consumers and domestic producers?
What will be an ideal response?
In markets, the invisible hand allocates resources efficiently
a. in all cases. b. when the buyers and sellers are the only interested parties. c. when there are positive externalities, but not when there are negative externalities. d. when there are negative externalities, but not when there are positive externalities.
According to revealed preference a consumer that chooses to smoke cigarettes:
A. is minimizing their utility given the options available to them. B. derives more happiness from smoking than the goods they could have purchased with that same money. C. derives more utility from smoking than the goods they could have purchased with that same money. D. is behaving irrationally.
In 2012, which of the following sources of energy contributed the largest share in U.S. electricity generation?
A. Petroleum B. Nuclear C. Hydropower D. Natural gas