Author Question: An activity should be undertaken if the marginal benefit of the activity is greater than the ... (Read 90 times)

WWatsford · **on:** Jun 29, 2018

An activity should be undertaken if the marginal benefit of the activity is greater than the marginal cost of the activity.

Indicate whether the statement is true or false

Question 2

List and briefly describe the three types of unemployment.

What will be an ideal response?

mammy1697 · **Reply #1 on:** Jun 29, 2018

Answer to Question 1

TRUE

Answer to Question 2

Frictional unemployment arises due to the time and effort it takes to match unemployed people to existing job openings.
Structural unemployment is longer-term unemployment that exists when there are more people looking for work in some labor markets than there are jobs available, at the existing wage rate.
Cyclical unemployment is unemployment that is related to downturns in the economy during business cycles.