The data collected by the Bureau of Labor Statistics have been criticized because
A. part-time workers are not counted in the number of workers employed.
B. discouraged workers are treated as part of the labor force.
C. some workers who are not looking for work are included in the labor force.
D. millions of people with make-work jobs are counted as employed.
C. some workers who are not looking for work are included in the labor force.
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Total output and total income in the circular flow model
A) are measures of the economy's level of savings. B) include only intermediate goods. C) are equal to each other. D) are related because national income is less than national product.
A given supply curve has a zero intercept. At the current equilibrium price the price elasticity of supply equals
A) 1. B) 0. C) 2. D) Not enough information is provided.
The European Union has prosecuted cases against Apple and Google for violations of their antitrust laws. Specifically, they were accused of
A. producing products for less than their cost. B. producing products/services that are better than their European competition. C. paying their workers less than their European competition. D. using their dominance in one area to dominate another.
Refer to the information provided in Figure 6.13 below to answer the question(s) that follow.
Figure 6.13Refer to Figure 6.13. Assume Ellen has two products available, pizza and hamburgers. Ellen is always willing to trade one pizza for one hamburger regardless of how many pizzas and hamburgers she has. The curve in Panel ________ represents her indifference curve.
A. A B. B C. C D. D