The expenditure schedule includes the consumption function
a. True
b. False
Indicate whether the statement is true or false
True
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Full-time homemakers and retirees are classified in the BLS data as
A. part of the labor force. B. not in the labor force. C. employed. D. unemployed.
Who is most likely to be poor?
A. Someone over age 65 B. A Hispanic American C. A black person D. Someone living in a female-headed household with children
Refer to Figure 36.3 for the dollar-Swiss franc foreign exchange market. Which of the following is true?
A. An increase in supply from S1 to S2 could be caused by an increase in the U.S. demand for Swiss chocolate. B. An increase in supply from S1 to S2 could be caused by an increase in Swiss demand for U.S. corn. C. The U.S. dollar appreciates in value compared to the franc when supply increases from S1 to S2. D. The Swiss franc appreciates in value compared to the U.S. dollar when supply decreases from S2 to S1.
Suppose that one worker can produce 15 cookies, two workers can produce 35 cookies together, and three workers can produce 60 cookies together. What is the average product of the first two workers?
A) 15 cookies B) 20 cookies C) 17.5 cookies D) 35 cookies