While Africa has the largest numbers of working children, Asia has the highest proportion of working children, with an estimated one in four employed
Indicate whether the statement is true or false
FALSE
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What's the Easterlin Paradox -- and in what sense does it suggest reference-dependent preferences?
What will be an ideal response?
Graphically, a firm's total revenue is represented by the:
a. triangle formed under the demand curve. b. rectangle formed under the demand curve at a given price and quantity combination. c. rectangle formed under the average-total-cost curve at a given ATC and quantity combination. d. triangle formed by a line segment between the demand and average-total-cost curves at any level of output. e. triangle formed by a line segment between the horizontal axis and the average-total-cost curves at any level of output.
After an excise tax is imposed on a good or service,
a. the equilibrium price and quantity are unchanged b. firms must charge a higher price for any particular quantity c. firms must charge a lower price for any particular quantity d. the equilibrium price and quantity will both increase e. the equilibrium price and quantity will both decrease
If a country's population (age 16 and over) is 50 million, with 2 million unemployed and 23 million currently holding jobs, the
a. unemployment rate is 4 percent, and the labor force participation rate is 46 percent. b. unemployment rate is 8.0 percent, and the labor force participation rate is 50 percent. c. unemployment rate is 4 percent, and the labor force participation rate is 50 percent. d. unemployment rate is 8.7 percent, and the labor force participation rate 50 percent.