Which of the following people would be officially counted as unemployed?
a. A person who works only 5 hours per week for pay.
b. A full-time college student who chooses not to have a paying job.
c. A family member who works 20 hours per week without pay.
d. A jobless high-school graduate who is actively looking for work.
d
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Which was a decade of high inflation and high unemployment?
A. the 1920s B. the 1950s C. the 1960s D. the 1970s
As the quantity produced of a good increases, the social welfare generated by that good increases
Indicate whether the statement is true or false
Government investment has resulted in an increase in entrepreneurial activity in Ange’s country. This will impact the country’s production possibilities curve by ______.
a. negating it
b. shifting it outward
c. shifting it inward
d. causing it to fluctuate
Alex's Furniture Mart produces and sells tables in a perfectly competitive market. When Alex's Furniture Mart produces and sells 250 tables, its marginal cost is equal to $200, and AVC is rising. If the market price of tables is equal to $150, Alex's Furniture Mart should:
A. decrease its level of table production. B. increase its level of table production. C. continue producing 250 tables. D. raise the price of its tables.