According to the Bureau of Labor Statistics, to be officially unemployed a person must:

A. be in the labor force.
B. be 21 years of age or older.
C. have lost a job.
D. be waiting to be called back from a layoff.


A. be in the labor force.

Economics

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Any combination of goods that can be produced with currently available resources is an:

A. inefficient point. B. attainable point. C. efficient point. D. attainable and efficient point.

Economics

The use of money for exchange:

A. encourages more specialization in production. B. increases the importance of a coincidence of wants. C. increases the use of barter. D. reduces consumer sovereignty.

Economics

The F statistic is also referred to as the score statistic.

Answer the following statement true (T) or false (F)

Economics

When Henry Ford doubled his worker's wages in 1914, he was implicitly recognizing

A. the wage-price flexibility concept. B. say's Law. C. the paradox of thrift. D. the real balance effect.

Economics