Judging from the table, which of the following groups is the largest?
a. discouraged workers
b. persons unemployed 15 weeks or longer
c. marginally attached workers
d. persons employed part time for economic reasons
d. persons employed part time for economic reasons
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An information is beneficial to the decision-maker only when:
a. its marginal cost is zero. b. its marginal benefits exceeds its marginal cost. c. the possibility of inaccurate transmission is nullified. d. its marginal benefit is positive.
Which of the following was seen by labor as an antilabor piece of legislation?
a. Taft-Hartley Act of 1947 b. Civil Rights Act of 1964 c. Norris-LaGuardia Act of 1932 d. Wagner Act of 1935 e. Clayton Act of 1914
By purchasing large amounts of mortgage-backed securities (MBS) in 2009, the Federal Reserve's goal was to
a. raise the price of MBS and raise their yields. b. raise the price of MBS and lower their yields. c. lower the price of MBS and raise their yields. d. lower the price of MBS and lower their yields.
Julia prepares tax returns and does bookkeeping. Last year her revenues from the tax and bookkeeping business were $150,000 . and her expenses for the business were $15,000 . When she started her tax and bookkeeping business, Julia gave up her supplemental job doing in-home pet sitting. She used to earn $10,000 per year from pet sitting. Assume that she incurred no costs for her pet sitting
business. Julia's economic profits are a. $160,000. b. $150,000. c. $135,000. d. $125,000.