In the unemployment rate, part-time workers are:
a. not included in the labor force
b. included in the labor force, but counted as unemployed.
c. treated the same way as discouraged workers.
d. included in the labor force and counted as employed.
d
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If a 10 percent decrease in the price of one good generates a 3 percent increase in the quantity demanded for another good, then the
a. two goods are complementary b. cross elasticity between the two goods is positive c. two goods are substitutes d. price elasticity of demand for the good whose quantity demanded increased must be inelastic e. price elasticity of demand for the good whose quantity demanded increased must be elastic
A perfectly competitive firm will always maximize profits by producing where
a. per-unit costs are lowest. b. total costs and total revenue are equal. c. P = MC. d. P = AC.
Morgan, a financial advisor, has told her clients the following things. Which of her statements is not correct?
a. "U.S. government bonds generally pay a higher rate of interest than corporate bonds." b. "The interest received on corporate bonds is taxable." c. "U.S. government bonds have the lowest default risk." d. "If you purchase a municipal bond, you can sell it before it matures."
(Consider This) Capital is a:
A. flow, whereas gross investment and depreciation are stocks. B. flow, as are gross investment and depreciation. C. stock, as are gross investment and depreciation. D. stock, whereas gross investment and depreciation are flows.