The vicious circle of poverty is the trap that parents with low education tend to have children with low education
a. True
b. False
Indicate whether the statement is true or false
False
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The labor-force participation rate shows the percentage of
A) non-institutionalized working-age people who are actually working or seeking employment. B) people not working, but who want to work. C) new entrants into the labor force. D) people who are not actively participating in meaningful economic activity.
Every country imposes tariffs on at least some imports
a. True b. False Indicate whether the statement is true or false
FedEx employees use the motto "Absolutely, Positively" to express their commitment to their customers. What should be the attitude of someone who studies economics toward this sort of company ritual?
What will be an ideal response?
Institutions are
A) the same thing as organizations. B) associations of individuals or groups. C) always embodied in a written set of rules. D) a set of rules governing behavior, whether written or not.