The natural rate of unemployment ________
A) is equal to 0.078 percent
B) is a constant
C) varies across time and countries
D) is equal to the cyclical rate of unemployment divided by the actual rate
C
Economics
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Which of the following would be most likely to contribute to the breakdown of a cartel in a natural resource (e.g., bauxite) market?
a. high prices b. low price elasticity of demand c. high compatibility of member interests d. significant barriers to entry e. unequal member ownership of the natural resources
Economics
Suppose the U.S. Government banned the sale and production of cigarettes. What are likely effects of this action on the market for cigarettes?
Economics