If the unemployment rate is 13%, then the employment rate is
A. 13%.
B. 87%.
C. 113%.
D. unknown based on the information given.
Answer: B
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Economic incentives are designed to make individual self-interest coincide with social interest. According to economists, which of the following methods of pollution control best uses economic incentives to reduce pollution?
A) imposing quantitative limits on the amount of pollution and imposing a penalty for non-compliance with these limits B) rewarding environmental groups for monitoring the activities of private firms that produce products which generate pollution C) requiring the installation of specific pollution control devices D) instituting a system of tradable emission allowances
Economics is best defined as the study of how individuals decide to use limited resources in an attempt to satisfy unlimited wants
a. True b. False
The average hourly wage for a manufacturing worker increased nearly how many fold from 1970 to 2014?
a. threefold b. fourfold c. fivefold d. sixfold
Advertising is used by firms to increase their price elasticities of demand
Indicate whether the statement is true or false