If the city of springfield has 5,000 unemployed citizens and 500,000 members of the work force, what is springfield’s unemployment rate? select one: a. 10% b. 5% c. 20% d. 1%

the correct answer is ) possibility.

demonstrating opportunity cost is done through production possibility.

the opportunity cost can be demonstrated using the production possibility frontier or curve. this graphic shows the total number of possibilities for two products when we have the resources needed and used in an efficient manner. the main resources could be money, labor, and technology. the curve shows that the production of one good increases when the production of the othe

answer; curiosity;