The labor force is defined as the
A) number of people over 16 years of age.
B) number of people who are working.
C) sum of employed and unemployed people.
D) number of people in blue-collar jobs.
C
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In the United States, why are cartels among firms usually kept secret?
What will be an ideal response?
You draw colored balls out of a bag. You draw a red ball 30% of the time and a blue ball 70% of the time. For each draw, the blue outcome and the red outcome are
A) mutually exclusive. B) exhaustive. C) Both A and B. D) None of the above.
If the U.S. dollar depreciates against the yen below the targeted exchange rate, the U.S. Federal Reserve has to intervene in the foreign exchange market such that:
a. the U.S. demand for yen rises. b. the supply of U.S. dollars rises. c. U.S. exports to Japan fall. d. the U.S. dollar is devalued. e. the supply of U.S. dollars falls.
If the MPC is 0.6, and the government increases its spending by $300b, the overall effect on GDP will be:
A. a decrease of $750b. B. a decrease of $550b. C. an increase of $750b. D. an increase of $250b.