Mike has been unemployed for over a year. He hasn't looked for a job in the last three months, but he's just started looking for work again. Because Mike started looking for a new job
A) the unemployment rate decreased. B) the working-age population increased.
C) the unemployment rate increased. D) the labor force participation rate decreased.
C
Economics
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When the cost of producing a product is paid, at least in part, by someone other than the producer, the cost is referred to as
A) an external cost. B) an external profit. C) an external benefit. D) an external/internal cost. E) a public cost.
Economics
What are transaction costs? What are some ways in which society reduces transaction costs?
What will be an ideal response?
Economics