For the Bureau of Labor Statistics to place someone in the "unemployed" category, that person must
a. have worked no more than 10 hours during the past week..
b. have tried to find employment during the previous year.
c. not have been laid off.
d. None of the above is correct.
d
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A financial market panic that causes US depositors to withdraw their funds from Chinese banks, would cause a(n)________ in the demand of US dollars and a(n) _________in the demand of the Chinese Yuan
a. Increase; Increase b. Increase; Decrease c. Decrease; Increase d. Decrease; Decrease
Which of the following was the average yearly increase in U.S. labor productivity growth between the 1870s and the early years of the 21st century?
a. About 1 percent b. About 2 percent c. About 5 percent d. About 10 percent e. Between 0 and 1 percent
Which furniture production process would have the highest production function?
A. Furniture made by handsaw and hammer B. Furniture made with power equipment C. Furniture with a mix of handmade and automated labor D. Furniture made in an automated furniture factory
Which of the following criteria should be used to evaluate if government intervention in a market for the purpose of environmental protection is justified?
A) Does the intervention program reduce pollution to zero using the least costly method? B) Is the intervention program economically efficient? C) Does the intervention program make the amount of economic surplus as large as possible? D) Is the damage to the environment from government intervention as small as possible?