In 2011, U.S. governments (local, state, and federal) employed approximately how many million workers?
A. 16.0.
B. 19.4.
C. 21.9.
D. 23.5.
Answer: C
You might also like to view...
Suppose that the price elasticity of demand for museum tickets is equal to –1.8 . If the price of a museum ticket rises by 30 percent, what will happen to quantity demanded?
What will be an ideal response?
In economic terminology, the accumulated training and education that workers receive to increase their productivity is referred to as
A) entrepreneurship. B) human capital. C) labor. D) physical capital.
On the graph above, suppose the economy is at point F when there is a temporary negative supply shock. The new long-run equilibrium is at point ________
A) H B) I C) F D) G E) none of the above
Elasticity of supply tells us
A. How much sellers will increase production in response to a change in price. B. How much producers will increase production with changes in consumers' income. C. How much supply responds to a change in quantity demanded. D. How much sellers will change their price as their quantity supplied changes.