If total revenue falls as more output is produced,
a. marginal revenue is negative
b. marginal revenue is positive
c. marginal cost is negative
d. average revenue is negative
e. total costs exceed total revenue
A
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Data for an economy shows that the unemployment rate is 10%, the participation rate 80 percent, and 200 million people 16 years or older are not in the labor force. How many people are in the labor force in this economy?
A. 200 million B. 800 million C. 80 million D. 1.0 billion
Refer to the information provided in Figure 2.4 below to answer the question(s) that follow.
Figure 2.4According to Figure 2.4, a decrease in unemployment may be represented by the movement from
A. B to A. B. C to D. C. B to D. D. A to C.
Refer to the given table. The equilibrium interest rate is:
Answer the question on the basis of the following table:
A. 2 percent.
B. 4 percent.
C. 6 percent.
D. 8 percent.
Governments can increase the consumption of a product that creates positive externalities by
A) taxing the production and consumption of the product. B) subsidizing the production of the product so that the supply is increased and market price is reduced. C) convincing everyone to consume the product. D) assigning property rights to the producers of the product.