True or False.  To be considered unemployed, workers are out of work and not actively looking for a job.

Below is an Production Possibilities Frontier for producing shoes or hats.  Match points X, Y, Z to the correct description.  

If an economy experiences a recession due to slow growth and rising unemployment what policy will it use to fix this situation?

Which of the following is NOT an assumption under which the production possibilities curve is drawn?

True or False.  Not all ideas can be protected with a patent.

Which of the following will occur if aggregate demand is below full-employment GDP and how will the government fix?

In comparison to a competitive industry how is a monopoly different?

Decrease in the price of microchips, increases or decreases supply of computers?

Refer to the graph below.  What rate of output maximizes total profit? (Enter your answer as a numeric value).

True or False.  To be considered unemployed, workers are out of work and not actively looking for a job.