According to the U.S. Bureau of Labor Statistics, the term “employed” includes all full time workers and part-time workers.

Answer the following statement true (T) or false (F)


True

Economics

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What are the possible benefits of collusion to a firm?

What will be an ideal response?

Economics

Suppose the population of El Campo is 120,000. Of the population 16 years and older, 50,000 are employed, 10,000 have never worked and are not looking for work, 5,000 are not working and are looking for work, and 15,000 are retired and not looking

for work. The labor force equals A) 50,000. B) 55,000. C) 65,000. D) 80,000.

Economics

Suppose that you have received $300 as a birthday gift. You can spend it today or you can put the money in a bank account for a year and earn 5 percent interest. The opportunity cost of spending the money today, in terms of what you could have after one year, is

a. $0. b. $15. c. $305. d. $315.

Economics

Which type of audit ensures the accuracy of financial statements?

a. financial statement audit b. salary audit c. operational audit d. compliance audit e. integrated audit

Economics