The official unemployment rate may understate the true rate of unemployment because of
A) discouraged workers who no longer are actively seeking work and are excluded from the statistics.
B) increases in worker productivity.
C) workers who hold two jobs.
D) changes in wage rates.
A
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In economics, a "normal profit" is the return to
A) labor. B) capital. C) land. D) entrepreneurshi
Because a bank earns money when it makes a loan to a borrower it:
A. has an incentive to loan out as much of each deposit as it can. B. has an incentive to borrow from the government as much as it can to loan out. C. needs to loan out more than it takes in through deposits to make money. D. has more of an incentive to loan out money than take money in through deposits.
School Board Voters' Ordered PreferencesDavidErnieFionaNew gymNew libraryNew computer labNew libraryNew computer labNew gymNew computer labNew gymNew libraryIf a pair-wise majority vote was held to determine which school project gets funded and the voters' preferences are shown in the table, in order for the library to win overall, which items must be voted on first?
A. Library and computer lab B. Gym and library C. Computer lab and gym D. The order will not affect the outcome of the vote.
Which of the following is an example of an implicit cost that a firm might incur?
A) the out-of-pocket expense to hire resources B) taxes owed to the state and Federal governments C) the rental value of the office space the company owns and uses for itself D) the revenue a firm generates in using its resources