Economists define the labor force to include
A. people who are not working but are actively looking for a job, and people who are working.
B. all individuals of work age, regardless of whether they are working or looking for a job.
C. only people who are working full-time.
D. people who are working.
Answer: A
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Which of the following countries did not adopt the euro as their currency?
A) Greece B) Belgium C) Great Britain D) Finland
Define the following terms and explain why they are important in the study of economics. a. Efficient allocation b. Laissez-faire c. Peak pricing d. Input-output analysis e. Coordination tasks
What will be an ideal response?
When labor is substitutable between two markets, we should expect:
A. the two markets to pay the same or similar equilibrium wage. B. those markets to produce substitutable outputs. C. the workers in the two markets to commit to one at the start of their career and stick with it, despite the similarities. D. All of these statements are true.
The United States is the largest consumer and importer of grains and other agricultural output in the world
a. True b. False Indicate whether the statement is true or false