Refer to Table 17.1. The employment rate for this simple economy is

A) 40%.
B) 50%.
C) 75%.
D) 80%.


D

Economics

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What will be an ideal response?

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Marginal external costs are

a. additional unpriced costs imposed on society by producing one more unit of a good b. the cost of damaged goods c. the additional cost of imported goods d. the total cost to society of producing a good e. the marginal cost divided by the marginal revenue

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If the United States has a trade deficit, this means that

A. The U.S. economy produces more than it consumes. B. Exports exceed imports. C. Trade activity is limited to just a few goods. D. The trade balance is negative.

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An expansionary gap in the short run results in _____

Fill in the blank(s) with the appropriate word(s).

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