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Applied Economics. 8. Which of the following works best for our country? A. Decrease in the employment rate B. Decrease in the underemployment rate C.

Applied Economics.

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8. Which of the following works best for our country? A. Decrease in the employment rate B. Decrease in the underemployment rate C. Increase in the underemployment rate D. Increase in the unemployment rate 9. What is most likely to happen when the population continues to rise? A. Employment rate will go up B. Poverty rate will decrease C. Resources will become scarce D. Unemployment rate will go down 11. What kind of approach is used by economists to explain how the economy works? A. Collaborative C. positive B. experimental D. scientific 14. What type of analysis are economists concerned with in order to become objective? A. careful C. normative B. negative D. positive 15. Which major characteristic of economists enable them to make sound decisions in solving economic problems? A. objective C. subjective B. prompt D. trustworthy

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