In the economy of Grippe, 40 people have jobs, 10 people are not working but are searching for work, and 100 people don't work and don't seek work. The unemployment rate is

Money is more mobile geographically now than in the past

Indicate whether the statement is true or false

Ronnie waits one hour in queue to buy a ticket to a rock concert. The opportunity cost of buying the $28 ticket:

a. is Ronnie's best alternative use of the sum of $28 spent on the ticket. b. is Ronnie's best alternative use of the one hour it took to wait in queue. c. is the revenue of $28 earned by the ticket agent. d. is Ronnie's best alternative use of both $28 and the one hour spent in the queue. e. cannot be measured because there is no opportunity cost associated with consumption.