The labor-force participation rate shows the percentage of
A. non-institutionalized working-age people who are actually working or seeking employment.
B. people who are not actively participating in meaningful economic activity.
C. people not working, but who want to work.
D. new entrants into the labor force.
Answer: A
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The creation of Medicare and Medicaid in 1965 dealt with contemporary public health concerns
a. True b. False
Juan and Lauren have decided to stop studying economics and get a bite to eat. Juan wants to go for a pizza and Lauren wants a hot dog They decide to go for pizza. What can we conclude from this?
A. Utility analysis does not work here since Lauren did not eat a hot dog. B. Juan always gets more utility from pizza than Lauren does. C. Lauren will get negative utility from the pizza. D. Lauren gets less utility from pizza than she could from a hot dog.
From 1935 to 2017, the yield per acre for corn has ________ in the United States.
A. slightly declined B. almost tripled C. roughly doubled D. increased more than 6-fold
A company finds that for the next worker hired, the worker's VMP is less than the cost of the worker. In this case, to maximize its profit the company should
A) definitely hire the worker. B) perhaps hire the worker, depending on the relationship between the company's MC and MR. C) definitely not hire the worker. D) None of the above answers is correct.