People who are only working part-time, but want to be working full-time, are classified officially as
A) unemployed and out of the labor force. B) employed and out of the labor force.
C) employed and in the labor force. D) unemployed and in the labor force.
C
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Suppose the Move It! exercise chain has revenues of $45 million, accounting costs of $15 million, and currently has issued 10 million shares of stocks selling at $90 each. Compute the price-earning ratio. Show your work. Is this ratio relatively high or low? What might an increase in the price-earnings ratio indicate?
Every social system confronts scarcity and therefore must
A. produce only free goods. B. try to produce outside its production possibilities frontiers. C. economize. D. allocate goods by government edict.
What phrase do economists use to describe the assumption that everything else about a situation stays the same, allowing only one variable, such as price, to change?
A. Caveat emptor B. Vini, vidi, vici C. Ceteris paribus D. E pluribus unum
Perfectly inelastic demand is represented as a vertical line.
Answer the following statement true (T) or false (F)