Approximately what percentage of the U.S. labor force works for U.S. governments at the federal, state, and local levels (as of 2011)?

A. 8.
B. 13.
C. 16.
D. 22.


Answer: C

Economics

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If it costs you $60 to produce 3 widgets and $64 to produce 4 widgets, the marginal cost to you of producing a 4th widget is

A) $62. B) $20. C) $18. D) $6. E) $4.

Economics

Lewis has preferences given by the Cobb-Douglas utility function U(q1,q2 ) = q1aq21-a, where a > 0. Show that Lewis's total amount spent on each good, does not change with the prices

What will be an ideal response?

Economics

Mr. Kent, a middle-aged bachelor, quit his news reporter job and currently is looking for a better job. The BLS counts Mr. Kent as:

A. not in the labor force. B. employed. C. unemployed. D. a discouraged worker.

Economics

Refer to the table above. If there is no statistical discrepancy, the capital and financial account balance equals

A) -$200 billion.
B) +$200 billion.
C) -$220 billion.
D) +$220 billion.
E) +$20 billion.

Economics