The Bureau of Labor Statistics' "employed" category includes those who worked as paid employees, worked in their own business, or worked as unpaid workers in a family member's business
a. True
b. False
Indicate whether the statement is true or false
True
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Suppose Ariana deposits $75,000 in her bank. If the reserve ratio is 20 percent, this will lead to a maximum increase of ________ in checking account balances throughout all banks
A) $15,000 B) $375,000 C) $750,000 D) $1,500,000
When the free market produces less than the socially optimal quantity of a good,
a. negative externalities must be present b. marginal social cost must exceed marginal private cost c. marginal private benefit must exceed marginal social benefit d. the government should tax production of the good e. there has been a market failure
Since transfer payments by government are not associated with the production of goods and services, they are not included in GDP
a. True b. False Indicate whether the statement is true or false
Refer to the graph shown.
If the price of Israeli shekels is $0.90, the quantity of shekels supplied is:
A. greater than the quantity demanded. This causes the shekel to gain value. B. less than the quantity demanded. This causes the shekel to lose value. C. less than the quantity demanded. This causes the shekel to gain value. D. greater than the quantity demanded. This causes the shekel to lose value.