What is the unemployment rate is an indicator of a country's economic situation because

a. people not earning an income reduce the flow of money in circulation.

b. fewer goods and services are produced when there is high unemployment.

c. a high unemployment rate can cause other people to lose their jobs.

d. all of the above

What if South Africa has a large percentage of the world's diamond deposits.This is an example of

a. comparative advantage.

b. absolute advantage.

c. a developing country.

d. none of the above

What is the first step of the decision-making process is to

a. evaluate the alternatives.

b. make a choice.

c. take action on the choice.

d. define the problem.

As the demand for a product increases, prices tend to

a. rise.

b. fall.

c. remain constant.

d. first decline, then rise.

What is an extended family consists of

a. the parents.

b. the children.

c. the parents' and/or the children's children.

d. all of the above