The labor force is defined as
A) the sum of the employed and unemployed.
B) the total number employed.
C) the total number of working age individuals in the population.
D) the sum of the number of employed, unemployed and discouraged individuals.
A
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Which of the following statements is true regarding scarcity?
A) An economy experiences scarcity only when the incomes of its citizens decline. B) All citizens in a wealthy economy experience scarcity. C) Scarcity affects poorer countries only. D) Poor people experience scarcity more often than do rich people. E) Scarcity could be overcome if people would make all choices in the social interest.
Around the year ______, growth in the world output per head accelerated sharply.
A. 1350 B. 1500 C. 1650 D. 1800
Jay Bhattacharya and M. Kate Bundorf of Stanford University have found evidence that people who are obese and work for firms that have employer-provided health insurance receive lower wages than people working at those firms who are not obese. At firms that do not provide health insurance, obese workers do not receive lower wages than workers who are not obese. Firms that provide workers with health insurance may pay a lower wage to obese workers than to workers who are not obese because the latter tend to be healthier and consequently
A) more productive at work B) less costly to insure and therefore employ due to their lower claim submission rate C) experience lower rates of absenteeism and early retirement D) all of the above E) A & B only
Open-market operations refers to:
What will be an ideal response?