Unemployment is not caused by
A. drops in actual GDP.
B. persons looking for more suitable jobs.
C. inflation.
D. technological disruption.
Answer: C
Economics
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In the graph below, the price of capital is $500 per unit. How many units of labor should a firm use in order to produce 30,000 units of output at the lowest possible cost?
A. 800 units of labor B. 500 units of labor C. 320 units of labor D. 300 units of labor E. none of the above
Economics
Under which of the following market structures would consumers likely receive the most product variety?
a. perfect competition
b. monopolistic competition
c. oligopoly
d. monopoly
Economics