Involuntary part-time workers are:
A. discouraged workers.
B. counted as unemployed.
C. considered out of the labor force.
D. counted as employed.
Answer: D
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Hubert's Copy Services is in perfect competition. Hubert currently charges 10 cents per page, which is the going market price. He thinks that he can increase his profit by raising the price. Is it possible? Why or why not?
What will be an ideal response?
China is a large open economy with an extraordinarily high saving rate
If, as seems likely, there is a decrease in desired saving in the coming years, what effects should we expect to see on China's trade balance (net capital flow), domestic real interest rate, and actual levels of saving and investment?
Monetary policy includes adjustments in ________ so as to change ________.
Fill in the blank(s) with the appropriate word(s).
The income elasticity of demand is calculated as the
A. percentage change in quantity demanded divided by the percentage change in income. B. percentage change in quantity demanded multiplied by the percentage change in income. C. percentage change in income divided y the percentage change in price. D. percentage change in income divided by the percentage change in quantity demanded.