If the measured unemployment rate is 6% and the natural unemployment rate is 4%, then

A. cyclical unemployment is 2%.
B. frictional unemployment is -2%.
C. structural unemployment is 10%.
D. frictional unemployment is 2%.


Answer: A

Economics

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Asarta Inc. is polluting into the nearby aquifer and the citizens of Buttersville demand that this be cleaned up. If the benefit to cleaning up the aquifer is estimated to be about $133,000 and the cost is estimated at $130,000 will the aquifer get cleaned?

A. Yes, because the benefit is high. B. No, because the costs outweigh the benefits. C. Yes, because the benefits outweigh the costs. D. Uncertain, with the information given.

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If an economist states that not enough of a good is being produced, she usually means that

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Which of these sets of nations are low-income developing nations?

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Economics