A person in the civilian labor force falls into one of two categories:
A) a person who works in a service industry or a person who works in a manufacturing industry.
B) unemployed or employed.
C) disemployed or unemployed.
D) a self-employed worker or a non-self-employed worker.
B
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Use the following graph (where L is the quantity of labor) to answer the next question.
It shows a firm that buys its inputs and sells its output in competitive markets. If the firm develops a new technology that increases labor productivity, the equilibrium level of employment for this firm is expected to be
A. higher than L0. B. L0. C. lower than L0. D. zero.
Refer to the above table. Given the demand and cost schedules, what are the maximized economic profits for this monopolist?
A) $122 B) $152 C) $220 D) $150
In intra-industry trade, the level of worker productivity is determined by
a. how firms engage in specific learning about specialized products, including taking advantage of economies of scale. b. how firms take advantage of climate or geography. c. how firms take advantage of the general level of education or skill. d. how firms take advantage of technological advances.
Some adults who were not working are included in the Bureau of Labor Statistics' "employed" category
a. True b. False Indicate whether the statement is true or false