If part of the labor force is unemployed, the foregone goods and services are
a. lost until the unemployed find jobs.
b. are replaced by unemployment insurance.
c. are lost forever.
d. are replaced by an equal amount of imports.
c
Economics
You might also like to view...
The total production within an economy is measured as
A) Total Domestic Output. B) Total Annual Output. C) Annual Production Value. D) Gross Domestic Product. E) Gross Home Product.
Economics
Refer to Table 4-4. The table above lists the highest prices three consumers, Curly, Moe, and Larry, are willing to pay for a bottle of champagne. If the price of one of the bottles is $95 dollars, total consumer surplus will be
A) $0. B) $35. C) $80. D) $95.
Economics