Answered: Which of the following individuals…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

(17)

Which of the following individuals would be included in the unemployment rate?

Select one:

a. George who is staying home to tend to his children while his partner works.

b. Sharon who has been looking for work this last month.

c. Devon an army officer in the U.S. Army on leave.

(18)Consider the Production Possibility Frontier for country X producing 2 groups of goods, MP3 players and watches. The opportunity cost of one additional watch is

Select one:

a. Greater at B than at C.

b. Greater at C than at B.

c. Equal at B and C.

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