Andrea would be considered unemployed if she is
a. working at a part-time job but is looking for a full-time job.
b. absent from her regular job as the result of illness.
c. working at a full-time job but is looking for a part-time job.
d. not working and is looking for a part-time job.
D
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The break-even point on the consumption function represents the point where
A) consumption is zero. B) income equals consumption plus spending. C) consumption equals spending. D) consumption equals income.
Which of the following is true?
a. About one-third of millionaires have college degrees. b. The percentage of the population that are millionaires in inflation-adjusted dollars has been stable since the 1970s. c. More than 75 percent of American millionaires have college degrees. d. The majority of millionaires received most of their wealth through an inheritance
Per capita GDP is
A. The sum of consumer goods, investment goods, government services, and net exports. B. The dollar value of GDP divided by total population. C. The value of the factors of production used to produce output in a country. D. A dollar measure of the economic growth rate of a country.
Cartel members have an incentive to cheat on the cartel because:
A. the industry profit would be higher under competitive conditions. B. the cartel price is the competitive price. C. each member's output quota is too high. D. each member's MR is not equal to the cartel's MC.