Suppose there are 200 million persons in the population, 120 million persons in the civilian labor force, and 90 million persons are employed. The number of persons unemployed is _______ million and the unemployment rate is ___________ percent
A) 30; 25
B) 30; 33
C) 30; 5
D) 80; 40
A
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Possibly, the most serious flaw in the Medicare system is the fact that
a. the deductible is too high for most elders to afford. b. it provides no real protection against catastrophic losses resulting from unusually long hospital stays. c. the definition of an episode of illness can lead to patients paying the deductible more than once during the calendar year. d. coverage for outpatient drugs is poor. e. elders are required to pay monthly premiums to participate in Part B.
Which of the industries listed below relies the most on patent protection to recoup its investments on research and development?
A. the pharmaceutical industry B. the dairy industry C. the restaurant industry D. the citrus industry
Give five examples of industries that are monopolistically competitive.
What will be an ideal response?
In deriving the demand schedule for a good, economists assume that
A. reported income changes at each point on the demand schedule. B. consumers have equal incomes to allocate among goods. C. all other influences on demand except the product price are held constant. D. a consumer will allocate all of her income to one good.