A monopoly creates a deadweight loss because the monopoly produces less than the efficient quantity
Indicate whether the statement is true or false
TRUE
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The unemployment rate equals the number of unemployed divided by the ________, all times 100
A) labor force B) total population C) number of employed D) working-age population
A union requirement that a fireman has to be hired to work in a diesel locomotive would be an example of
A) work expansion. B) featherbedding. C) work requirements. D) work stabilization.
How many districts does the Federal Reserve System have?
a. 50 b. 1 c. 12 d. 51 e. 4
The term "depreciation" in the national income accounts refers to
a. the adjustment of GDP for inflation. b. plant and equipment "used up" in producing current output. c. citizenship differences among income recipients. d. government transfer payments minus tax revenues.