The principal cause of falling unemployment is ________
A) an increase in net entrants to the labor force
B) a decrease in net entrants to the labor force
C) an increase in the number of new jobs created
D) a decrease in the number of jobs lost
C
Economics
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The term market failure refers to
a. a situation in which the market on its own fails to allocate resources efficiently. b. an unsuccessful advertising campaign which reduces demand for a product. c. a situation in which competition among firms becomes ruthless. d. a firm that is forced out of business because of losses.
Economics
Variable cost divided by quantity produced is
a. average total cost. b. marginal cost. c. profit. d. None of the above is correct.
Economics