Refer to Figure 4-1. If the market price is $3.00, what is the maximum number of burritos that Arnold will buy?

As a result of the relatively low female-to-male wage ratio in early-1800s New England,

a. the supply of women willing to work in factories increased. b. the supply of women willing to work in farming declined. c. the wages of female farm labor rose. d. the North industrialized more quickly than the South. e. All of the above.

Is it possible for the economy to be at full employment and still have some people who are unemployed?

A) No, full employment means that no one is unemployed. B) Yes, since full employment exists if the economy is operating at the natural unemployment rate and there is always some natural unemployment. C) Yes, since full employment exists if the economy is operating at the frictional unemployment rate and there is always some frictional unemployment. D) Yes, since full employment equals the sum of the cyclical unemployment rate and the natural unemployment rate, and there is always some cyclical unemployment. E) none of the above