Which of the following individuals would be considered unemployed?
A) an individual who works only part-time
B) an individual who works full-time in a family business, but is not paid
C) an individual who is not working and is not looking for work
D) all of the above
E) none of the above
E
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GDP would be a better measure of economic well-being if it included:
A. the value of leisure. B. the market value of final goods. C. the total value of intermediate goods. D. the costs of education.
Which of the following statements is true about causes of business cycle fluctuations?
A. Economists all agree that monetary changes are primarily responsible for business cycle fluctuations. B. Economists all agree that supply shocks are the cause of most business cycle fluctuations. C. There are a wide range of theories as to the underlying causes of business cycle movements. D. Economists all agree that productivity shocks are the cause of most business cycle changes.
Scarcity exists because
A) there is a temporary disruption in the market supply. B) there is a shortage of goods caused by a natural disaster. C) there are not enough resources available to produce all the goods that people want. D) there is a shortage of labor throughout the world.
Refer to the information provided in Figure 7.2 below to answer the question(s) that follow. 
Figure 7.2Refer to Figure 7.2. The marginal product of the second worker is ________ lawns mowed.
A. 3 B. 5 C. 8 D. 11