Scarcity requires that people must
A) cooperate.
B) compete.
C) trade.
D) make choices.
D
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If the frictional unemployment rate is 2 percent, the structural unemployment rate is 3 percent, and the overall unemployment rate is 9 percent, how much is the cyclical unemployment rate?
What will be an ideal response?
Robert Tadmur exports processed turkey and has an upward sloping supply curve. The supply curve indicates that Robert faces a marginal cost of $0.25 or less per pound for supplying the first few pounds. But every producer in this market sells turkey at the market clearing price of $0.50 per pound. The difference between the actual amount that Robert receives and what he would accept to supply the
market clearing quantity is called a. consumer surplus b. importer surplus c. producer surplus d. trade deficit e. average variable cost
It is often profitable for the white-males to accept lower paying positions to avoid working with women
a. True b. False Indicate whether the statement is true or false
What happens to the aggregate demand curve when the Fed reduces the money supply?
a. It shifts leftward, lowering real GDP and the price level. b. It shifts leftward, raising real GDP and the price level. c. It shifts leftward, lowering real GDP but raising the price level. d. It shifts rightward, raising real GDP and the price level. e. It shifts rightward, lowering real GDP but raising the price level.