List three ways the measured unemployment tends to understate the unemployment problem
What will be an ideal response?
The unemployment rate does not include people who work part time.
The unemployment rate does not include people who are underemployed.
The unemployment rate does not include people who are discouraged workers.
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The straight-line production possibilities curve introduced in the text
A) is not subject to increasing opportunity costs. B) fails to reflect tradeoffs. C) fails to benefit trading nations. D) refutes the principles of comparative advantage. E) All of the above.
Consider two projects. The first project pays benefits of $90 today and nothing else. The second project pays nothing today, nothing one year from now, but $100 two years from now. Which project would be preferred if the discount rate were 0%? What if the rate increased to 10%?
What will be an ideal response?