Discouraged workers
A) are considered part of the unemployed because they are not working.
B) are not considered part of the unemployed because they quit their jobs voluntarily.
C) are not considered part of the unemployed because they are not actively seeking work.
D) are considered part of the unemployed because they are still in the labor force.
C
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Caroline has saved $100,000 for her retirement. She earned 4 percent interest on that money during the year 2013. If the inflation rate was 1 percent in 2013, what was Caroline's real interest rate?
A) $4,000 B) 5 percent C) 1 percent D) 4 percent E) 3 percent
Rent seeking lowers profits by
a. shifting the market demand curve to the right b. shifting the market supply curve to the left c. shifting the ATC curve upward d. shifting the ATC curve downward e. flattening the marginal revenue curve
The consumer's optimum choice is represented by
a. MUx/MUy = Px/Py. b. MUx/Px = MUy/Py. c. MRSxy = Px/Py. d. All of the above are correct.
Which of the following events would lead to a decrease in demand for air travel?
A. A decrease in rail fares B. An increase in income levels C. A decrease in the number of people who are afraid to fly D. A decrease in oil prices