Which of the following workers is most likely to lose his/her job during a recession?

In one year, a weapons plant can manufacture either 1,000 more guns or 50 more tanks. The plant's opportunity cost of an extra tank is approximately

a. 20 guns b. 50 guns c. 50 tanks d. 1/50 of a tank e. 1/50 of a gun

Minimum wage laws help explain the natural rate of unemployment if they create a surplus in any labor market

a. True b. False Indicate whether the statement is true or false