ECONOMICS 301 Microeconomics Unit 4 milestone 4

A(n) __________ good is one that, when consumed by one person, cannot be consumed by another.  non-exclusive  rivalrous  exclusive  non-rivalrous CONCEPT Public Goods, Private Goods, and the “Tragedy of the Commons” 2 When a business owner uses process mapping, an activity is marked by __________.  a diamond  a circle  a box or rectangle  an oval CONCEPT Process Mapping--Efficiency 3 Sarah is a great teacher; however, she struggles with the technology used by potential students and school districts, and thus is not able to find work. This study source was downloaded by from CourseH on :03:10 GMT -05:00 This study resource was shared via CourseH Sarah's type of unemployment is considered __________.  frictional  structural  cyclical  seasonal CONCEPT Assessing Costs of Unemployment--Labor Economics 4 Rent control is a type of price __________ that has the effect of __________ producer surplus as compared to the free market equilibrium.  floor; increasing  floor; reducing  ceiling; increasing  ceiling; reducing CONCEPT