One major feature of the economic perspective is:
A. that costs are more important than benefits.
B. that scarcity is more important than choice.
C. the idea that the economy has unproductive resources.
D. the assumption of purposeful behavior by individuals.
Answer: D
Economics
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If N is the working-age population, Q is the labor force, and U is the number of unemployed, then the unemployment rate is measured as
A) U/N B) U/Q C) U/(N-Q) D) Q/N
Economics
Imposing a tax on sales of a product
A) shifts the market demand curve for the product. B) shifts the market supply curve for the product. C) shifts both the market supply and demand curve for the product. D) has no effect on either the market demand or the market supply curve for the product.
Economics