Which of the following industries would be considered to have a labor intensive production process?
A. Farming in a rich country
B. Working in a factory.
C. Driving a cab.
D. Writing a novel
D. Writing a novel
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Inflation was the nation's number-one economic worry during
A. the 1920s. B. the late 1950s. C. the early 1960s. D. the 1970s.
A bond that is bought at a price below its face value and the face value is repaid at a maturity date is called a
A) simple loan. B) fixed-payment loan. C) coupon bond. D) discount bond.
In 2016 based on people ages 15-74 the Swedish adult non-institutionalized population was about 7.3 million, the labor force was 5.2 million, and the number of people employed was 4.8 million. According to these numbers, the Swedish labor-force participation rate and unemployment rate were about
a. 71.2% and 7.7% b. 71.2% and 5.5% c. 65.8% and 7.7% d. 65.8% and 5.5%
Consumer surplus for the whole market
a. is the value placed on the sum of the marginal utilities of a good for all consumers b. is the triangular area between the demand curve and the equilibrium price in a demand and supply graph c. corresponds to the area below the market price in a graph of the demand curve d. is the utility that is left over after a consumer pays for a good e. emerges when the consumer pays the equivalent of the good's marginal utility