Find the size of the civilian labor force from the following data: frictional unemployment = 150, structural unemployment = 200, cyclical unemployment = 225, discouraged workers = 25, underemployed workers = 75, fully employed workers = 850, total population = 2,000.
A. 1,425
B. 1,450
C. 1,500
D. 2,000
Answer: C
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If the government grants a firm a public franchise to supply coal, a monopoly is created by
A) a natural barrier to entry. B) a legal barrier to entry. C) price discrimination. D) All of the above answers are correct.
Why is it true that exchange rates tend to be equal worldwide? Briefly explain
What will be an ideal response?
To reduce structural unemployment, a nation should focus on:
a. Changing the exchange rate so more can be exported and less imported. b. Improving educational opportunities and job training c. Increasing government spending for the military. d. Cutting income taxes. e. All the above.
Suppose the marginal cost of dating Perry is $30 and the marginal benefit is worth $40 to you. Following economic reasoning, you should:
A. determine what your sunk costs are. B. date Perry. C. not date Perry. D. determine what your total benefits and total costs are.