Data for an economy show that the unemployment rate is 6 percent, the participation rate 60 percent, and 200 million people 16 years or older are not in the labor force. How many people are unemployed this economy?

Orange juice drinkers want to consume more orange juice at a lower price. Which of the following events would have this effect?

A) a decrease in the price of orange juice processing B) an increase in the cost of fertilizer used for orange groves C) a decrease in income, assuming orange juice is a normal good D) a decrease in the population

Table 1.2 shows the hypothetical trade-off between different combinations of Stealth bombers and B-1 bombers that might be produced in a year with the limited U.S. capacity, ceteris paribus.Table 1.2Production Possibilities for BombersCombinationNumber of B-1 BombersOpportunity cost(Foregone Stealth)Number of Stealth BombersOpportunity cost (Foregone B-1)A20NA195 B35 180 C45 150 D50 100NAThe lowest opportunity cost in Table 1.2 for Stealth Bombers is

A. 10 B-1 bombers B. 3 B-1 bombers C. 2 B-1 bombers D. 4 B-1 bombers