The labor force is defined as
A) all individuals who are at least 16 years old and are currently employed.
B) all individuals who are currently employed.
C) all individuals who are at least 16 years old and are employed, looking for work or not looking for work.
D) all individuals who are at least 16 years old and are currently employed or unemployed.
D
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The principle of comparative advantage helps explain trade between nations
a. True b. False Indicate whether the statement is true or false
Because the price level shares a negative relationship with aggregate expenditures on GDP, the aggregate demand curve is:
A. perfectly elastic. B. upward sloping. C. downward sloping. D. perfectly inelastic.
Suppose diamonds have an absolute price elasticity of 0, the demand for the good is
A. unit elastic. B. inelastic. C. perfectly inelastic. D. elastic.
The "interest-only" mortgage typically converts later to a
A. traditional mortgage with a higher payment. B. traditional mortgage with a lower payment. C. "exotic" mortgage with a lower payment. D. "negative-amortization" mortgage with a lower payment.