3. Between January 1948 and April 2018 (an 844 month period) the unemployment rate in the U.S. was A. never above 10%. . B. 10% or higher in only 4 months (July 1987, plus 3 straight months from May 2018 to July 2018). C. 10% or higher in only 11 months (10 straight months from September 1982 to June 1983, plus October 2009). D. 10% or higher in 67 months (11 months in the 1950s, 28 months in the 1960s, 6 months in the 1970s, 14 months in the 1990s, and 8 months in the 2010s). 34. A group of teachers at an elementary school is trying to decide where to take their students on a field trip. They are considering three options: a museum, an aquarium, and a zoo. When voting between only the museum and the aquarium, the aquarium receives more votes. When voting between only the aquarium and the zoo, the zoo receives more votes. When voting between only the zoo and the museum, the museum receives more votes. These outcomes illustrate A. the Coasian solution to the problem of externalities. B. the Condorcet Paradox. C the Economic Calculation Problem. D. Logrolling. 35. Which of the following central banks is the oldest? A. The Bank of England (the central bank of the UK). B. The European Central Bank (the central bank of the EU). C. The Federal Reserve (the central bank of the US). D. None of the above answers are correct (since nobody knows when any of the central banks listed above first came into existence). For Questions 36 and 37, consider a good for which Marginal Private Benefits, Marginal Private Costs, Marginal Social Benefits, and Marginal Social Costs are as illustrated below