Which is true concerning U-2?
i. It does not count marginally attached workers as unemployed.
ii. It counts as unemployed workers who were laid off.
iii. It is smaller than U-3.
A) i only B) i and iii C) i and ii D) i, ii and iii E) ii and iii
D
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The average duration of unemployment tends to be longer, the higher the unemployment rate
a. True b. False Indicate whether the statement is true or false
In the Utah Pie case, the economic effect of the Supreme Court decision was to:
A. prohibit the merger of two small pie companies. B. encourage competition by ruling that the national competitors had engaged in illegal price discrimination. C. encourage competition by ruling that the national competitors had not engaged in illegal price discrimination. D. discourage competition by national competitors in the Salt Lake City market.
Draw a graph showing the long-run average cost curve for a firm that experiences economies of scale.
What will be an ideal response?
Resources are
A) unlimited. B) able to be replicated in large quantities. C) what people would buy if their income was unlimited. D) used to produce goods and services to satisfy people's wants.