Mr. Weinrobe I. Multiple Choice. Each question is worth 5 points. A farm 2. Suppose an economy is at point A in Figure 1. There is under utilized industrial capacity.
Some workers are in jobs for which they are poorly suited.
As a result of immigration, there was a recent increase in the labor force. Many of the immigrants have not yet found jobs. Profits are not being earned by businesses. New technologies have been discovered but they have not yet been fully adopted by firms. The demand for movie tickets will be greater only at movie ticket prices below the price of live entertainment plus the new tax.