In August 2006, the Canadian unemployment rate was 6.4 percent. In August 2008, the Canadian unemployment rate was 6.1 percent. Between August 2006 and August 2008, the number of job losers ________, the number of job leavers ________, and the number of entrants and reentrants ________.

A) decreased; did not change much; decreased
B) decreased; increased; increased
C) decreased; decreased; increased
D) decreased; increased; decreased
E) did not change much; increased; increased

A) decreased; did not change much; decreased

Economics

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Suppose that 75 percent of a cigarette tax is borne by consumers. If the supply elasticity is 1, the demand elasticity is equal to:

A. 1/2. B. 1. C. 1/3. D. 1/4.

Economics

According to the table below, what is the marginal cost of producing 90 units of output?QFCVC01,0000201,000350501,000700901,0001,0501251,0001,4001451,0001,7501601,0002,100

A. 21.00 B. 5.32 C. 8.75 D. 11.67

Economics