The civilian labor force includes only the employed
a. True
b. False
Indicate whether the statement is true or false
False
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Which of the following is included in the study of macroeconomics?
a. Wage rate of college students. b. Prices of automobiles. c. Unemployment in the nation. d. Price of silver and gold.
The job of night watchman at the Punxsutawny Phil Groundhog museum is known to have a high wage. Which of the following would push the night watchman's wage higher?
a. The job does not require specialized skills. b. The job is easy. c. The job is incredibly dull. d. The job has minimal risk of injury.
When an inverse relationship is graphed, the resulting line or curve is:
A. horizontal. B. vertical. C. upward-sloping. D. downward-sloping.
Which of the following statements about the social welfare function is not true?
a. It can be thought of as a set of indifference curves that depict the wealth of the entire society. b. It does not employ interpersonal utility comparisons. c. It is one possible method for evaluating the public interest/ d. It allows for the rankings of possible outcomes.