Centerville has 200 unemployed people. Of these 200 people, 35 are unemployed for two weeks before finding a new job, 55 are unemployed for four weeks before finding a new job, 30 are unemployed for six weeks before finding a new job, 15 are unemployed for 10 weeks before finding a new job, and 65 are unemployed for 15 weeks before finding a new job. Approximately what is the average spell of unemployment in Centerville?

A. 2 weeks
B. 14 weeks
C. 8 weeks
D. 11 weeks
E. 5 weeks


Answer: C

Economics

You might also like to view...

If an Industry consists of two large firms, it is known as a(n)

a. monopoly b. perfect competition c. monopolistic competition d. natural monopoly e. duopoly

Economics

What are the main costs to a country that adopts dollarization?

What will be an ideal response?

Economics

Suppose studies showed that only 15 percent of all teens wear their bike helmets while riding their bikes. If policymakers wish to have more teens wear their bike helmets, they should:

A. not inform teens of the social norm. B. Informing them of the social norm will have no impact on their individual situation. C. inform teens of the social norm. D. The statistic is likely to influence their personal decision, but it is impossible to predict in what way without more information.

Economics

An import restriction ________ the market price and ________ the total surplus of the market.

A. increases; decreases B. increases; increases C. decreases; increases D. decreases; decreases

Economics