The unemployment rate is calculated as
A) [(labor force) ÷ (population)] × 100.
B) [(unemployment) ÷ (population)] × 100.
C) [(unemployment) ÷ (labor force)] × 100.
D) [(labor force) ÷ (unemployment)] × 100.
C
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The market demand that is NOT met by other sellers in a market is known as a firm's
A) excess demand curve. B) market demand curve. C) residual demand curve. D) leftover demand curve.
Which of the following is a liability for a bank?
a. U.S. government securities owned by the bank b. Deposits with the Fed c. Checkable deposits d. Consumer and business loans e. Building and furniture owned by the bank
To maximize sales revenue, an oligopolist will expand output until the elasticity of demand becomes
a. negative. b. zero. c. one. d. infinite.
You will still be able to get public broadcasting whether or not you contribute to their fund-raising campaign, so you decide ________ contribute. This is an example of the free-rider problem, and is intrinsic to ________ goods.
A. to; private B. not to; private C. to; public D. not to; public