If the number of people classified as unemployed is 50,000 and the number of people classified as employed is 250,000, what is the unemployment rate?
(A) 16.17 percent
(B) 8.7 percent
(C) 11.5 percent
(D) 8 percent
Ans: (A) 16.17 percent
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The table above gives the cost of producing T-shirts. The total fixed cost is ________ and the marginal cost of increasing production from 5 to 6 T shirts is ________
A) $20; $6 B) $20; $10 C) $10.40; $8 D) unable to be determined; $8
Goods and services are exchanged in
a. product markets b. resource markets c. inventory markets d. classified markets e. government markets
A product in the first stage of production is defined as a(n):
a. basic need. b. investment. c. environmental product. d. primary product. e. transitory product.
Suppose that the real exchange rate between the United States and Brazil is defined in terms of baskets of goods. Other things the same, which of the following will increase the real exchange rate (that is increase the number of baskets of Brazilian goods a basket of U.S. goods buys)?
a. an increase in the quantity of Brazilian currency that can be purchased with a dollar b. a decrease in the price of U.S. goods c. an increase in the price in Brazilian currency of Brazilian goods d. All of the above are correct.