As a market-based society, non-profit firms are illegal in the U.S

Employing utilitarianism as a measure of the public interest _____

a. is inconsistent with the concept of a social welfare function b. attempts to minimize the problems associated with market failure c. attempts to maximize total utility in a society d. avoids comparing individual's utilities

If the number of employed persons in a country equals 24 million, the number of unemployed persons equals 8 million, and the number of persons over age 16 in the population equals 40 million, the unemployment rate equals: a. 8 percent

b. 20 percent. c. 25 percent. d. 32 percent.