The natural rate of unemployment will rise for all of the following reasons EXCEPT:
A) more generous terms for unemployment compensation.
B) an increase in union membership.
C) an increase in labor productivity that translates into greater demand for labor.
D) a surge in the number of young and inexperienced workers.
Answer: C) an increase in labor productivity that translates into greater demand for labor.
Economics
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In the above figure, the monopolist's profit-maximizing price is
A) A. B) B. C) C. D) D.
Economics
Use the above table. Assuming constant opportunity costs, the opportunity cost of producing a pound of beef in France is
A) 2 gallons of wine. B) 3 gallons of wine. C) 0.5 gallons of wine. D) 0.33 gallons of wine.
Economics