Discouraged workers
A. are primarily manufacturing employees who have been displaced by machinery.
B. are comprised mainly of the cyclically unemployed, laid off because of recession.
C. are people who have stopped looking for work because they believe they will not be able to find employment.
D. are those workers who leave regular employment and work in the underground economy.
E. are temporarily between jobs.
C. are people who have stopped looking for work because they believe they will not be able to find employment.
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If the saving rate increases, break-even investment will be ________ than investment, and GDP per worker will ________
A) greater; increases B) greater; decreases C) less; increases D) less; decreases
Do economists know the value of the MPC for most economies?
a. Yes, with a high level of precision. b. Yes, with a certainty level of four decimal places. c. No, it is impossible to determine a national MPC. d. Yes, but with some level of uncertainty.
Explain the utility maximizing rule in terms of hot dogs and hamburgers purchased at a ballgame
Please provide the best answer for the statement.
Suppose that the elasticity of demand for a product is 2.0. What will happen to total revenue as a firm increases the price?
A. Total revenue will increase. B. Total revenue will decrease. C. Total revenue will stay the same. D. It cannot be determined from the information provided.