In the table above, the official U-3 unemployment rate is
A) 50 percent.
B) 15 percent.
C) 10 percent.
D) 5 percent.
D
Economics
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A change in a marginal benefit or cost will
A) increase consumption. B) decrease production. C) cause an individual to make a rational choice. D) increase sunk costs. E) change incentives.
Economics
A firm faces the labor productivity and cost schedule in the table above. The wage rate schedule suggests that the firm:
A. Is purely competitive in the labor market
B. Is purely competitive in the product market
C. Has some monopoly power in the product market
D. Is not purely competitive in the labor market
Economics