The Bureau of Labor Statistics classifies people who would like to work but have given up looking for a job as
a. unemployed. If they were classified as out of the labor force, the reported unemployment rate would be larger.
b. unemployed. If they were classified as out of the labor force, the reported unemployment rate would be smaller.
c. out of the labor force. If they were classified as unemployed, the reported unemployment rate would be larger.
d. out of the labor force. If they were classified as unemployed, the reported unemployment rate would be smaller.
c
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Money is used as a ________ when you visit the local farmers' market and compare prices across different vendors
A) means of payment B) unit of account C) store of value D) medium of exchange E) measure of barter
In research, what is the importance of experiments? What is meant by randomization in experiments?
What will be an ideal response?
Mrs. Lovejoy decides to invest in companies which she believes are producing its goods based on the preferences of consumers. Mrs. Lovejoy is investing in companies that are
A) always going to be profitable. B) allocatively efficient. C) productively efficient. D) both productively and allocatively efficient.
Human beings
A) have unlimited wants. B) think they have unlimited wants, but really have limited needs. C) have limited wants, but unlimited needs. D) know what their needs are, but do not know what their wants are.