In order to be classified as unemployed, a person must be not working,
A) have been actively looking for work within the past four weeks, and currently be available for work.
B) and currently be available for work, regardless of whether one is actively looking for work or not.
C) and be waiting to be called back to work from a temporary layoff.
D) and actively looking for work within the past year.
E) ?a or c
E
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Consider two countries: a) In the first country there are 1,000 individuals; among them 500 earn $20,000 per month and the remaining 500 earn $400 per month
b) In the second country there are 1,000 people; among them 500 earn $12,000 per month and the remaining 500 people earn $600 per month. Which of the two countries has more inequality and which country is poorer of the two?
A good with a perfectly inelastic supply has a price elasticity of supply:
A) equal to zero. B) between zero and one. C) equal to one. D) greater than one.
Which of the following will not generally be true of a monopolistic competitor operating in the long run?
a. marginal cost exceeds average total cost b. marginal revenue = marginal cost c. production in the range of economies of scale d. price greater than marginal revenue
A government using fiscal policy in an attempt to stimulate the economy would do which of the following?
What will be an ideal response?