This topic contains a solution. Click here to go to the answer

Author Question: Jack was unemployed two weeks ago but just started a new job. As a result of this increase in the ... (Read 104 times)

hbsimmons88

  • Hero Member
  • *****
  • Posts: 526
Jack was unemployed two weeks ago but just started a new job. As a result of this increase in the number of employed workers, which of the following occurred?
 
  A) The labor force participation rate increased. B) The unemployment rate decreased.
  C) The unemployment rate increased. D) The labor force participation rate decreased.

Question 2

Assume a hypothetical case where an industry begins as perfectly competitive and then becomes a monopoly. As a result of this change
 
  A) price will be higher, output will be lower, and the deadweight loss will be eliminated.
  B) consumer surplus will be smaller, producer surplus will be greater, and there will be a reduction in economic efficiency.
  C) consumer surplus will be smaller and producer surplus will be greater. There will be a net increase in economic surplus.
  D) price will be higher, consumer surplus will be greater, and output will be greater.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Dnite

  • Sr. Member
  • ****
  • Posts: 297
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 30% of students answer this correctly





 

Did you know?

More than 34,000 trademarked medication names and more than 10,000 generic medication names are in use in the United States.

Did you know?

The average office desk has 400 times more bacteria on it than a toilet.

Did you know?

The cure for trichomoniasis is easy as long as the patient does not drink alcoholic beverages for 24 hours. Just a single dose of medication is needed to rid the body of the disease. However, without proper precautions, an individual may contract the disease repeatedly. In fact, most people develop trichomoniasis again within three months of their last treatment.

Did you know?

Patients who have been on total parenteral nutrition for more than a few days may need to have foods gradually reintroduced to give the digestive tract time to start working again.

Did you know?

Although puberty usually occurs in the early teenage years, the world's youngest parents were two Chinese children who had their first baby when they were 8 and 9 years of age.

For a complete list of videos, visit our video library