Which of the Following Statements Is True

question 74

Multiple Choice

Which of the following statements is true?

• A) The unemployment rate in a country normally increases when the country's economy expands.
• B) Unemployment is higher among groups with lower educational attainment.
• C) More-educated workers have a lower opportunity cost of time than less-educated workers.
• D) In the United States, the unemployment rate among bachelor degree holders is higher than that among high school diploma holders.

Learn the importance of trading possibilities curves and their implications for comparative advantage.

Understanding the basis and limits for mutually beneficial trade between nations.

Analyze economic data and tables to make inferences about trade dynamics and potential gains from trade.

Understand the concept of production possibilities curves and their implications for economic production and trade.