Suppose that the adult population in the country of Atlantis is 115 million. If 80 million people are employed and 5 million are unemployed, then
a. 30 million are not in the labor force.
b. 35 million are in the labor force.
c. 75 million are in the labor force.
d. 35 million are not in the labor force.
a
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What is the goal of bank regulation?
a. to ensure borrowers have easy access to investable funds b. to maintain the solvency of banks by ensuring maximum profits c. to maintain the solvency of banks by avoiding excessive risk d. to prevent banks from engaging in profitable risk
The host at a party offers Justin a sixth beer. Justin says, "No thanks, man. The marginal utility of that fifth beer was, like, 20 cents, but the marginal utility of the sixth would be minus 10 cents." If Justin consumes the sixth beer, his total utility will
a. rise by 10 cents. b. reach a plateau and remain constant. c. fall by 10 cents. d. fall below his marginal utility.
Suppose that the government imposes a price ceiling on gasoline that is below the equilibrium price. The black market for gasoline is ________ market in which the price ________ ceiling price
A) a legal; exceeds the B) an illegal; exceeds the C) a legal; is less than the D) an illegal; is less than the E) an illegal; equals
Which of the following is the best example of a network externality?
A. The Internet B. Parks C. Pollution D. Museums