For economic purposes in the United States, the working-age population does not include:
A. anyone in the military.
B. someone who is 16 and does not want to work.
C. someone who is 65.
D. anyone without a driver’s license.
A. anyone in the military.
You might also like to view...
The quantity of labor supplied depends on the
A) money wage rate not the real wage rate. B) real wage rate not the money wage rate. C) price of output not the money wage rate nor the real wage rate. D) level of profits.
Physicians who accept assignment on their Medicare patients
a. bill patients for 80 percent of the allowable fee. b. agree to forego balance billing. c. accept the allowable fee for all services. d. agree to charge private insurance patients the same fees as Medicare patients. e. Both b and c.
The long-run Phillips curve suggests that changing the rate of unemployment in the economy has no impact on the inflation rate
a. True b. False Indicate whether the statement is true or false
What is the term for when a company keeps its earnings for capital investment, thereby forgoing the paying of shareholders?
a. distributions b. dividend payments c. retained earnings d. salaries e. business expenses