Assume someone organizes all farms in the nation into a monopoly. Which of the following occurs? i. Consumer surplus decreases. ii. Economic profit increases. iii. A deadweight loss is created

Which category of unemployed individuals makes up the greatest share of those who are unemployed?

A) new entrants B) reentrants C) job losers D) job leavers

Society faces trade-offs because of

A) government regulations. B) profit motive. C) faceless bureaucrats. D) scarcity.