The labor force includes all of the following individuals who are 16 years or older EXCEPT
A) people who have never been in the labor force but have just found a job.
B) people who are retired and not actively seeking work.
C) the unemployed.
D) the employed.
B
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Net exports are total imports minus total exports
Indicate whether the statement is true or false
Which of the following is not true of equilibrium price?
A. All consumers can buy all they demand. B. It is determined by the interaction of supply and demand. C. It is set by the government. D. It is also known as the market-clearing price.
Game theory proves most useful for analyzing
A) perfect competition B) monopolistic competition C) oligopoly D) monopoly
The finite nature of the economy's resource base:
A. will be solved if only we would learn to conserve. B. is only a problem in developing countries. C. will be solved as technology advances. D. will always be with us.