The principal cause of falling unemployment is ________
A) an increase in net entrants to the labor force
B) a decrease in net entrants to the labor force
C) an increase in the number of new jobs created
D) a decrease in the number of jobs lost
C
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In economics, the optimal level of pollution is the level for which the net benefit from reducing the pollution is the greatest
Indicate whether the statement is true or false
What are the reasons for the development and growth of the Eurodollar market?
What will be an ideal response?
Cost-benefit analysis is important to determine the role of government in our economy because
a. the government should provide all goods for which the benefits exceed the costs. b. cost-benefit analysis identifies the possible gains to society from government provision of a particular good. c. markets for private goods cannot effectively assign costs and benefits. d. cost-benefit analysis is the best tool to identify market failures.
The relationship between the quantity of inputs and the quantity of outputs is called a:
A. production function. B. profit function. C. resource function. D. cost function.