The unemployment rate is calculated as? follows:
What will be an ideal response?
rate=
( #of unemployed/ labor force ) x 100
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Consider two individuals, Jesse and April, who hand paint kites and snowboards. Table 3.1 shows how much of each good Jesse and April can paint in one hour. April's opportunity cost of painting one kite is painting
A) 1/12 of a snowboard. B) 1/4 of a snowboard. C) 3 snowboards. D) 4 snowboards.
Private-sector firms’ beliefs about the economic climate can cause unemployment to linger even after a recession is over
Select whether the statement is true or false. A. True B. False
Which of the following correctly describes price discrimination?
a. Selling the same good or service for different prices to different consumers for reasons unrelated to cost. b. Buying goods at a lower cost in one market and selling it at a higher price at another market. c. Selling the same good or service for the same price to different consumers. d. Charging higher prices for goods and services that are exported compared to those sold in the domestic market.
If Congress passed new laws significantly increasing the regulation of business, this action would tend to:
A. increase per-unit production costs and shift the aggregate demand curve to the left. B. increase per-unit production costs and shift the aggregate supply curve to the right. C. decrease per-unit production costs and shift the aggregate supply curve to the left. D. increase per-unit production costs and shift the aggregate supply curve to the left.