The purpose of the Current Population Survey is to determine the
A) number of people in the population.
B) employment status of the population.
C) age structure of the population.
D) income level of the population.
E) prices consumers pay for the goods and services they buy.
B
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In the long run, a perfectly competitive firm can make an economic profit because its marginal cost equals its average total cost
Indicate whether the statement is true or false
Business cycles are generally considered in:
A. the long-run framework. B. both the short-run and long-run frameworks. C. the short-run framework. D. neither the short-run nor the long-run frameworks.
The future value of a deposit in a savings account will be larger
a. the longer a person waits to withdraw the funds. b. the higher the interest rate is. c. the larger the initial deposit is. d. All of the above are correct.
This table shows the price-level adjustment as compared to the United States. CountryPrice-Level AdjustmentAustralia-0.50China0.25Mexico0.34United States0.00According to the information in the table shown, if someone were to make $35,000, she would be able to buy the most goods and services if she lived in:
A. China. B. Australia. C. the United States. D. Mexico.