In recent years, economists have come to believe that full employment in the U.S. economy occurs at an unemployment rate between:
a. 1.0 and 2.0 percent.
b. 2.5 and 3.5 percent.
c. 4.5 and 5.5 percent.
d. 6.5 and 7.5 percent.
c
Economics
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The _______________is the extra cost incurred when a business produces one additional unit of a resource.
Fill in the blank(s) with the appropriate word(s).
Economics
You took a job as a salesperson in an insurance company with the knowledge that you have 0.5 chance of making $2,000 a month or $3,000 a month. How much will you make each month?
A) definitely $2,500 B) definitely $2,000 C) definitely $3,000 D) either $2,000 or $3,000
Economics