Which of the following is most likely to increase the natural rate of unemployment?
a. An increase in the age of the working population
b. A shift from service to manufacturing jobs
c. An increase in the minimum wage rate
d. A reduction in social security benefits
e. A reduction in direct taxes
c
Economics
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Comparative advantage is the ability to
A) perform an activity at a lower opportunity cost. B) determine who your best trading partners are. C) determine the best use of capital goods. D) convince others of the best choices to make in their own self-interest.
Economics
The primary purpose of antitrust legislation is to
a. protect small businesses. b. protect the competitiveness of U.S. markets. c. protect the prices of American-made products. d. ensure firms earn only a fair profit.
Economics