If an increase in crime causes households to spend money on police and security systems, GDP will rise
Indicate whether the statement is true or false
TRUE
Economics
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Suppose that the total labor force is 100 individuals with 10 unemployed. The unemployment rate is ________. Now assume that 10 people drop out of the labor force and that 10 remain unemployed. The new unemployment rate is ________
A) 9 percent; 10 percent B) 10 percent; 9 percent C) 10 percent; 11 percent D) 11 percent; 10 percent
Economics
In a Bertrand model, if one firm has a dominant strategy, its best-response function
A) does not exist. B) is identical to its rival. C) is a constant. D) is to respond to its rival's price increase with a price decrease.
Economics