For the purpose of statistically reporting the unemployment rate, "discouraged workers" are
A) not counted. B) counted.
C) trained to do different work. D) offered other jobs.
A
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For a perfectly competitive firm at its long-run equilibrium
A) P = MR = MC = AC. B) P = MR > MC. C) accounting profit must be zero. D) there are no opportunity costs to be concerned with.
Which of the following statements is correct?
a. For all firms, marginal revenue equals the price of the good. b. Only for competitive firms does average revenue equal the price of the good. c. Marginal revenue can be calculated as total revenue divided by the quantity sold. d. Only for competitive firms does average revenue equal marginal revenue.
Studies have found which of the following economic terms mentioned most often in U.S. newspapers?
a. Unemployment b. Productivity c. Inflation d. Monetary policy
Bank reserves are:
A. currency, customer checking and savings deposits. B. any asset used to purchase goods and services. C. cash and similar assets held to meet depositor withdrawals or payments. D. currency and customer checking deposits.