Something that provides utility is called a
A) good.
B) bad.
C) want.
D) need.
E) a and d
A
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The Bureau of Labor Statistics does not count discouraged workers as unemployed. Suppose discouraged workers were counted as unemployed. Explain how the unemployment rate and the labor force participation rate would change
What will be an ideal response?
The total cost curve is the sum of the:
a. total fixed and total variable cost curves. b. total fixed and marginal cost curves. c. marginal cost and total variable cost curves. d. none of these.
Federal Reserve Bank Notes become currency when they are
a. actually printed b. delivered, after being printed, to the District Federal Reserve Banks c. transferred from the District Federal Reserve Banks to member banks d. converted by member banks into demand deposits e. used by banks as loans
Why does excessive fishing occur?
a) Fishermen are concerned about the population dynamics of fish biomass, not current harvest rates. b) Fishermen have other marketable skills and do not fear exploitation of fish reserves. c) Each individual fisherman has little incentive to maintain the species for the next year. d) Fishermen rely on government managers to worry about fish populations.