During the worst year of the Great Depression, according to the official statistics, about what percentage of the labor force was unemployed?
(a) 10%
(b) 15%
(c) 25%
(d) 35%
(c)
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Use the following graph for a monopolistically competitive firm to answer the next question. 
Excess capacity for this firm would be illustrated by the quantity
A. E - D. B. D - 0. C. D - C. D. E - C.
Suppose that Albert can buy a bond for $1,000 that matures in two years and pays Albert $1,102.5 with certainty. He is indifferent between this bond and one that has some risk but on which the interest rate is 3% higher. How much, to the nearest penny, does the riskier bond pay in two years?
a. $1,160.00 b. $1,166.40 c. $1,168.65 d. $1,169.64
Which of the following statements is true?
A) Economists are fairly certain that globalization leads to an increased standard of living. B) During the 1990s, the annual percentage change in output per person was negative in globalized developing countries, but positive in less globablized countries. C) When it comes to globalization it is generally easier to see the benefits than to see the costs. D) The benefits of globalization are more visible than the costs, since they tend to be concentrated on a relatively smaller group of people.
A cartel maximizes industry profit by:
A. eliminating quotas. B. producing at the kink in its demand curve. C. producing where MR = MC. D. producing more output than a monopoly would.