Allowing free trade can lead to greater output because of the principle of:
a. absolute advantage

The average product of labor exceeds the marginal product of labor

A) when the average product of labor is falling. B) when the average product of labor is rising. C) when the marginal product of labor is at its maximum. D) when the average product of labor is at its maximum.

During the Great Depression of the 1930s, the unemployment rate in the United States peaked at around

a. 5 percent b. 10 percent c. 12 percent d. 25 percent e. 50 percent