The number unemployed divided by the labor force is the
A. per-capita employment rate.
B. civilian population.
C. discouraged worker total.
D. unemployment rate.
Answer: D
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The current U.S. population is about 300 million yet the current U.S. labor force is only about 150 million. What subtractions are made from the population number to set it equal to the labor force?
What will be an ideal response?
Figure 3-18
Refer to . Which area represents consumer surplus at a price of P1?
a.
ABD
b.
ACF
c.
BCDE
d.
DEF
If you overheard a farmer discussing his planting plans for the upcoming season, and he said "The price of corn has gone way up. I know I'll have to put some money into fertilizer on that field on the hill that's been idle all these years, but it will be worth it this year." This would be consistent with which justification for an upward sloping supply curve
A. the real-balance effect? B. increasing marginal cost? C. diminishing marginal utility? D. the need for higher prices in one good to motivate a shift in production from another?
Suppose Jared takes $200 from his savings account and holds it as cash. The immediate result of this transaction is that M2
A. Increases by $200 and M1 remains the same. B. Decreases by $200 and M1 remains the same. C. Remains the same and M1 increases by $200. D. And M1 do not change.