The unemployment rate will rise when
A) people get discouraged and quit looking for a job.
B) the average work week falls from 40 hours to 39 hours.
C) the duration of unemployment increases.
D) the size of the labor force increases without an increase in employment.
C
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You own two different energy drink brands: "Blue Cow" and "600 minute energy.". If you reduce the price on "Blue Cow", a. Sales of "Blue Cow" would increase, without any changes in sales for "600 minute energy."
b. Sales of both "Blue Cow" and "600 minute energy.". would increase c. Sales of "Blue Cow" would increase, but the sales of "600 minute energy" would be cannibalized d. Neither "Blue Cow" nor "600 minute energy" would see an increase in sales.
The figure below represents the effects in the labor markets due to migration. Here, the world has been divided into a high-income "North" (left panel) and a low-income "South" (right panel). Dn and Sn are the labor demand and the labor supply curves in North. Ds and (Sr + Smig) are the labor demand and pre-migration labor supply curves in South. Sr is the post-migration labor supply curve in South. The value c is the cost of migrating.
When migration between North and South is allowed, how many workers will choose to migrate to North?
A. 40 million B. 30 million C. 20 million D. 50 million