Structural change influences the unemployment rate and such structural change is created by changes in
A) real GDP.
B) technology.
C) the minimum wage.
D) population.
E) the seasons.
B
Economics
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Assumptions for economic theories and models should be
A) rejected if they are not totally realistic. B) logical rather than empirically testable. C) simple and reasonable rather than complex. D) maintained until overwhelming evidence to the contrary occurs.
Economics
In this economic growth and production possibilities curve, what does point F represent compared to point B?
a. more housing units but the same number of food units
b. more housing units and more food units
c. more food units but the same number of housing units
d. the elimination of scarcity in housing and food
Economics