The unemployment rate will decrease whenever there is a(n):
a. increase in the number of persons classified as unemployed.
b. decrease in the number of unemployed relative to the size of the labor force.
c. decrease in the size of the population and there is no change in the number of persons classified as employed.
d. reduction in the size of the labor force.
e. decrease in the number of unemployed and the population does not change.
b
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The Erie Canal provided the first reliable and relatively quick east-west link in markets. This link, consequently,
(a) increased profit margins and expanded markets for agriculturalists. (b) increased consumer prices in all markets. (c) increased transportation costs. (d) hindered trade and the accumulation of wealth.
The fact that interest groups exist on both sides of an issue mean that _____
a. no special interest group gets everything it wants b. rational ignorance is nonexistent c. a prisoner's dilemma exists d. politicians are exposed to all viewpoints on an issue