A welder who quits his job and moves from Houston to Buffalo to try to get a better welding job is said to be:

a. frictionally unemployed.
b. underemployed
c. cyclically unemployed.
d. structurally unemployed.

a

Economics

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A rational consumer should not consume more of a good when

a. total utility is decreasing b. marginal utility is diminishing c. one unit has already been consumed d. income is decreasing e. the price increases

Economics

A nation can produce two products: tanks and autos. The table below is the nation's production possibilities:



Refer to the above table. The total opportunity cost of three units of tanks is:

A. 6 units of tanks
B. 350 units of autos
C. 650 units of autos
D. 1000 units of autos

Economics