The labor force participation rate is the fraction of the population over 16 years of age that is looking for work.
Answer the following statement true (T) or false (F)
False
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Use the figure below to answer the following question.
The marginal benefit of the third unit of X is
A. 4. B. 5. C. 2. D. 15.
If the marginal product of an input is falling, then
A. marginal cost is rising. B. average fixed cost is constant. C. marginal cost is falling. D. average total cost is constant.
This Application addresses the idea that
A) imports ultimately have a positive impact on all communities. B) imports have a bigger impact on some communities than on others. C) imports are only beneficial to a community if they are equally matched by exports from that community. D) imports have an equal impact on all communities.
A market structure in which identical goods are produced by several different firms and sold at the market determined price is referred to as:
A) an oligopoly. B) a monopoly. C) perfect competition. D) monopolistic competition.