The unemployment rate is the
A) percentage of employed people that does not have a job.
B) number of unemployed people.
C) percentage of the working-age population that does not have a job.
D) percentage of the labor force that does not have a job.
E) percentage of the population that does not have a job.
D
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The Sherman Act makes it illegal to
A) increase market share. B) merge firms in the same industry. C) attempt to monopolize an industry. D) price below competitors.
If the tea harvest is bad in a particular year, the supply of tea will
a. decrease, its price will decrease, and the quantity demanded of coffee will increase b. decrease, its price will increase, and the quantity demanded of coffee will increase c. decrease, its price will increase, and the quantity demanded of coffee will decrease d. decrease, its price will decrease, and the quantity demanded of coffee will decrease e. increase, its price will increase, and the quantity demanded of coffee will increase
Conventional economic theory assumes that people
a. care a great deal about fairness. b. are inconsistent over time in their decisionmaking. c. are rational. d. are satisficers.
Between 1994 and 2000 the poverty rate ____ and the number of people on welfare ______.
A. declined; declined B. rose; rose C. rose; declined D. declined; rose