"If the United States enters a war in the Middle East, gasoline prices will go up." This statement is an example of

Of the following reasons for unemployment, which will increase most because of a recession?

A. New job market entrants. B. Workers that have reentered into the job market. C. Workers that have lost their jobs. D. Workers that have left their jobs.

Economic cost

A. Includes both implicit and explicit costs. B. Includes only implicit costs. C. Decreases as the level of production increases. D. Is the sum of actual monetary payments made for resources used to produce a good.