If the demand and supply both increase equally, then the equilibrium price ________, and the equilibrium quantity ________
A) increases; increases
B) does not change; increases
C) decreases; does not change
D) increases; does not change
E) increases; decreases
B
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The labor force participation rate is calculated as the
A) labor force divided by the number of persons employed then multiplied by 100. B) number of persons unemployed divided by the labor force then multiplied by 100. C) labor force divided by the unemployment rate then multiplied by 100. D) labor force divided by the working age population then multiplied by 100.
Which of the following displays rivalry and excludability in consumption?
A) public goods B) private goods C) quasi-public goods D) common resources
Average cost can be thought of as the cost per unit.
Answer the following statement true (T) or false (F)
An increase in consumer wealth shifts the consumption function downward
a. True b. False Indicate whether the statement is true or false