In the United States, from 1980 to 2011, the percentage of
A) part-time workers who are part time for noneconomic reasons has increased significantly to over 30 percent.
B) part-time workers who are part time for noneconomic reasons has risen during recessions and fallen during expansions.
C) part-time workers who are part time for economic reasons has increased significantly to over 30 percent.
D) part-time workers who are part time for economic reasons has risen during recessions and fallen during expansions.
E) None of the above answers is correct.
D
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Pay-per-view broadcasts are ________
A) public goods B) private goods C) club goods D) common pool resources
Fiscal policy involves ________
A) taxes and government spending B) setting interest rates C) controlling the amount of money in the economy D) all of the above E) none of the above
Consider an economy with a particular distribution of income. Over the next 10 years, the income of all households increases by $20,000. How will the Gini coefficient change over those 10 years?
A. The Gini coefficient will decrease. B. The Gini coefficient will increase. C. The Gini coefficient will become more negative. D. The Gini coefficient will stay the same as all households received the same increase in income. E. It is impossible to determine how the Gini coefficient will change as it will depend on the original income distribution.
The owner of a perfectly competitive firm is currently earning an economic profit of zero. This owner
A. should raise the price of the product to increase profits. B. is covering all of his fixed costs. C. will continue producing in the short-run but will shut down in the long run if profits do not increase. D. should shut down since profits of zero are not good.