The Bureau of Labor Statistics would categorize a retiree who is not working as
A) unemployed. B) a discouraged worker.
C) out of the labor force. D) employed.
C
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Which of the following would be a liability to a bank?
A. Cash in the vault B. A loan to a new business C. A checking account of a professor D. All of these responses are correct.
Figure 14.4 represents the market for used 12 megapixel digital cameras. Suppose buyers are willing to pay $400 for a plum (high-quality) used digital camera and $200 for a lemon (low-quality) used digital camera. If buyers believe that all of used digital cameras in the market are lemons (low quality), what number of used digital cameras sold will actually be lemons?
A. 50 B. 60 C. 110 D. 150
Values can be classified in several ways according to the book, which one of these was not listed
a. Absolute and relative b. Intrinsic and extrinsic c. Traditional and prophetic d. Instrumental and terminal
Which one of the following changes is consistent with a change in an economy's consumption equation from C = $500 billion + 0.80Y to C = $700 billion + 0.80Y?
a. an increase in income taxes b. an increase in interest rates c. a decrease in induced consumption d. an increase in autonomous consumption e. an increase in savings