Based on the above table, the unemployment rate is

A) 10 percent.
B) 11.1 percent.
C) 7.1 percent.
D) 5.4 percent.
E) 8.6 percent.

A

Economics

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The "law of demand" means that the demand for any scarce good

A) is completely elastic. B) cannot be completely inelastic. C) must be inelastic. D) is only a short-run demand. E) cannot be elastic.

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Which of the following is an example of a federal mandate?

A) the Medicaid program B) an excise tax C) the personal tax exemption D) the Food and Drug Administration (FDA)

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