The labor force equals the
a. number of people employed.
b. number of people employed plus the number of people unemployed.
c. number of people employed plus the number of people unemployed plus teenagers between ages 14 and 16 who work at least 10 hours a week.
d. adult population.
b
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Explain the CPI bias and how it can distort private contracts and increase government outlays
What will be an ideal response?
Adverse selection tends to cause which of the following?
a. Placing a strain on the insurance system b. Requiring participation in insurance exchanges c. Mandating the payment of insurance premiums d. Increasing the size of insurance risk groups
De Soto's The Other Path encourages poor countries to use their development policies to do all of the following except
A. Enforce laws to safeguard property. B. Encourage population growth. C. Reduce regulations. D. Encourage entrepreneurship.
A nation's infrastructure refers to:
A. public capital goods such as highways and sanitation systems. B. the productivity of its labor force. C. its ability to realize economies of scale. D. its stock of technological knowledge.