Which of the following statements is false?
A) The sum of the unemployment rate and the employment rate always equals 100 percent.
B) The sum of the number of employed persons and the number of unemployed persons equals the civilian non-institutional population.
C) The labor force participation rate equals the number of persons in the civilian labor force divided by the number of persons in the total population.
D) a, b, and c
D
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The airline and trucking industries came under regulation during the:
a. 1920s. b. 1930s. c. 1960s. d. 1970s.
The demand for land is:
A. perfectly elastic. B. perfectly inelastic. C. upsloping. D. downsloping.
If demand is inelastic and the government decides to raise the tax on water, the price of water will increase by a ________ amount and water consumers will bear a ________ share of the tax.
A. large; large B. large; small C. small; large D. small; small
Market power is the power to:
A. control prices. B. gain another firm's customers. C. reduce price below cost to deter entry. D. control output.