In a BLS study, the average adult spends __________ per day on unpaid work.
A. 2.8 hours
B. 5 hours
C. 1.5 hours
D. 0 hours
Answer: A
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Which of the following would not be considered a "leisure" activity by economists?
A. Making dinner B. Going skiing C. Cleaning the bathroom floor D. Making a work call.
If the current year CPI is 90, then the price level has decreased 10 percent since the base year
a. True b. False Indicate whether the statement is true or false
DVD writers allow people to record TV shows in a high-quality format. They entered the market in 2002 at a price of $1000. By 2003, they were under $500. By the time they become part of the CPI market basket they are likely to be less than $250. Economists will argue that this type of issue
A. is well handled the by the BLS as they determine the CPI. B. leads to the CPI overstating the rate of inflation. C. leads to the CPI understating the rate of inflation. D. is irrelevant to CPI calculations.
Refer to the information provided in Figure 13.4 below to answer the question(s) that follow. 
Figure 13.4Refer to Figure 13.4. The profit-maximizing level of output for this monopolist is ________ units of output.
A. 20 B. 22 C. 24 D. 26