Given the data in Table 6.1, the unemployment rate of Metropolis is approximately
A) 6 percent. B) 9 percent. C) 12 percent. D) 22 percent.
A
Economics
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The deadweight loss associated with producing a product that has an external cost occurs because
A) too much output is produced. B) too little output is produced. C) the price that firms charge for the good is too high. D) not enough resources are allocated to producing the good. E) the marginal social cost does not equal zero.
Economics
The desire in the U.S. for owner-occupied housing led to subsidies that contributed to the recession which started in 2007.
A. True B. False C. Uncertain
Economics