A good that has external costs associated with its production will be

A) produced at the optimal level.
B) underproduced.
C) overproduced.
D) not produced.

Answer: C

Economics

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If the number of unemployed workers in an economy is 4 million, and the size of the labor force in the economy is 16 million, the unemployment rate in the economy is:

A) 8 percent. B) 4 percent. C) 30 percent. D) 25 percent.

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The GATT was

a. formed shortly after World War II b. authorized in the American Constitution c. formed in 1994 d. formed in 1876 e. formed to unify the European continent

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