If there are 10 million people employed, 1 million unemployed, 500,000 discouraged workers, and 400,000 collecting unemployment insurance, there are _____ people in the labor force.

Fill in the blank(s) with the appropriate word(s).


11 million

Economics

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The above table shows the daily production possibilities for a bakery. Currently the bakery bakes 60 pizzas and 180 loaves of bread, that is at alternative C. Using the above table, moving from alternative C to alternative B, what is the opportunity cost of one loaf of bread?

A. 2 pizza pies
B. 1 pizza pie
C. 0.5 pizza pie
D. 30 pizza pie

Economics

Refer to Figure 4-3. What is the total amount that Kendra is willing to pay for 1 ice cream cone?

A) $0.50 B) $3.50 C) $9.00 D) $13.50

Economics

If a firm hires lazy employees,

A) it must pay them differently or hard-working employees will engage in moral hazard. B) it must pay them more or hard-working employees will engage in moral hazard. C) it must fire them before their laziness spreads to hard-working employees. D) the lazy employees make hard-working employees look good.

Economics

Place point C on the graph to indicate where the United States economy operated in 1997.

Economics