The unemployment rate will decrease whenever there is a(n):
A. increase in the number of persons classified as unemployed.
B. decrease in the number of unemployed relative to the size of the labor force.
C. decrease in the size of the population and there is no change in the number of persons classified as employed.
D. reduction in the size of the labor force.
Answer: B
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Another term for "don't put all your eggs in one basket" is
A) moral hazard. B) indirect finance. C) asymmetric information. D) portfolio diversification.
Which of the following would not be a negative production externality associated with tire production?
a. smoke from the tire factory worsens the city's air quality b. toxins from the tire-making process seep into the area's ground water c. neighbors experience the bad smells that come from the tire factory d. the rubber used to make tires could be used to make something else e. all of these are negative production externalities