Which is true regarding cyclical unemployment? i. Cyclical unemployment is positive at business cycle peaks. ii. Cyclical unemployment is negative at business cycle troughs. iii. Cyclical unemployment is zero at full employment

In describing the progress of the typical person in an economy, measuring the median income always does a better job than measuring the mean income

Indicate whether the statement is true or false

A person will choose to buy a good as long as

A) marginal benefit is at least as great as price. B) consumer surplus is positive. C) marginal benefit is positive. D) consumer surplus is at least as great as price.