Using the data in the above table, the unemployment rate is
A) 4.0 percent.
B) 4.16 percent.
C) 5.55 percent.
D) 28.0 percent.
A
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Which of the following is true about total factor productivity (TFP)?
A) it can be measured just like capital and labor B) it cannot be directly measured so it has to be calculated from given values of capital, labor and output C) while it cannot be measured directly, it has an exponent of 0.3 in the Cobb-Douglas production function D) while it cannot be measured directly, it has an exponent of 0.7 in the Cobb-Douglas production function E) none of the above
Refer to Scenario 17.3. If the fire protection program were not in place, the insurer would not be willing to ensure the warehouse for any amount less than
A) $80. B) $300. C) $3,000. D) $6,000. E) $300,000.
In an English auction, the ________ bidder wins the auction and pays ________.
A) second-highest; the amount of the second-highest bidder B) highest; the amount of the bid C) second-highest; the amount of the bid D) highest; the amount of the second-highest bidder
Suppose a monopsonist wants to hire more workers. If it has to pay the same wage to all of its workers, the:
A. marginal factor cost will fall while the wage will rise. B. wage will fall while the marginal factor cost will rise. C. difference between the wage and marginal factor cost will become smaller. D. wage and the marginal factor cost will increase.