Land rents account for nearly

A. 5 percent of U.S. income.
B. 15 percent of U.S. income.
C. 25 percent of U.S. income.
D. 50 percent of U.S. income.


Answer: A

Economics

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Which of the following examples shows causation?

a. When Terence found out he won the lottery, he jumped up and down with joy. b. When Yuki sat in a chair, he heard an ambulance siren. c. When Terence called a friend to tell him he won the lottery, a bird began to sing merrily outside. d. As the ambulance went by Yuki’s house, he drank his coffee.

Economics

Find the size of the civilian labor force from the following data: frictional unemployment = 150, structural unemployment = 200, cyclical unemployment = 225, discouraged workers = 25, underemployed workers = 75, fully employed workers = 850, total population = 2,000.

A. 1,425 B. 1,450 C. 1,500 D. 2,000

Economics

Input prices fall as entry occurs in an increasing-cost industry.

Answer the following statement true (T) or false (F)

Economics