If there are 80 million people employed, 10 million unemployed, 5 million collecting unemployment insurance, and 5 million discouraged workers, there are ____________ in the labor force.
A. 85 million
B. 90 million
C. 95 million
D. 100 million
B. 90 million
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An increase in subway fares in New York City will boost your expenditures on subway rides if
A) the supply of subway rides is elastic. B) the supply of subway rides is inelastic. C) your demand for subway rides is elastic. D) your demand for subway rides is inelastic.
In the United States, to count as unemployed, you must:
A. be younger than 65 years old. B. actively looking for work. C. be skilled enough to hold a job. D. All of these are true.
If a firm is taxed for each unit of waste it produces, the firm will decrease the amount of waste produced until:
A. there is no waste produced. B. the marginal cost from decreasing waste is zero. C. the marginal cost of decreasing waste is equal to the marginal benefit from decreasing waste. D. the marginal benefit from decreasing waste is equal to zero.
A fund that takes household savings and puts them into ________ projects in exchange for a share of the profits if the new business succeeds is a venture capital fund.
A. zero-risk B. low-risk C. high-risk D. government