The unemployment rate is calculated as:
A) (number of unemployed) ÷ (number of employed + number of unemployed).
B) (number of unemployed) ÷ (number of employed).
C) (number of employed + number of unemployed) ÷ (labor force).
D) (labor force) ÷ (number of unemployed).
A
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Marginal utility theory assumes that when Sally consume less of a good that she was previously consuming more than one unit of, her ________
A) total utility increases B) marginal utility increases C) income increases D) total utility is maximized
If the government implements a price ceiling on insulin, this will
A) decrease the quantity of insulin the manufacturers will be willing to supply. B) encourage manufacturers to produce and sell more insulin to increase their profits. C) have to be set above the market equilibrium price to be effective. D) increase the price consumers will pay for insulin.