If the number of employed people goes down at the same time that the unemployment rate goes down, then we may conclude that some people must have
A. left the labor force.
B. entered the labor force.
C. been forced off unemployment benefits.
D. either retired or died.
A. left the labor force.
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What is one result of the Medicare subsidy?
A) The health care industry is more efficient than it otherwise would be. B) Patients may elect to have some treatments that are of low value to them but that are costly to provide. C) The elderly population in the United States receives a lower quality of medical care than what is provided for the elderly population in other countries. D) The number of physicians in the United States has declined.
Earnings usually reflect a person's productivity. What are factors that cause differences in productivity across people so that earnings differ too?
What will be an ideal response?
Explain why only final goods are included in GDP
What will be an ideal response?
Laissez-faire refers to a program of minimal interference in the market system.
Answer the following statement true (T) or false (F)