The table above shows the marginal costs and marginal benefits of college education. If 8 million students are enrolled, the marginal external benefit is

The best example of a cyclically unemployed individual is

A) Charles who lost his job as a real estate salesperson when the housing market went soft because of a recession. B) Alice who quit her job to enter college. C) Mary who lost her job in the textile industry following a decrease in the tariff on textiles. D) Bob who has just graduated from college and is entering the labor market.

An increase in the price of a firm's good or service shifts its demand curve for labor leftward

Indicate whether the statement is true or false