If Brian, age 24, had no job but was available for work and had looked for a job the week before the survey, Brian is classified in the Current Population Survey as
A) unemployed.
B) a discouraged worker.
C) not in the labor force.
D) employed.
E) not in the working-age population.
A
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A company raises funds by selling 5 million shares of common stock to 5,000 shareholders and $1 million bonds to 1,000 bondholders. The number of individuals who vote for the company's board of directors is
A) 6,000. B) 5,000. C) 1,000. D) 5,000,000.
When two nations agree to lower their tariffs against each other, they engage in
a. a customs union b. a free trade union c. geographical specialization d. a reciprocal agreement e. a comparative advantage
Explain the difference between the marginal rate of substitution and the marginal rate of transformation
What will be an ideal response?
Consider a small open economy in equilibrium with a current account deficit. (a)Draw a diagram showing this situation.(b)What happens to national saving, investment, and the current account balance in equilibrium if government expenditures rise temporarily? Show this result in your diagram.
What will be an ideal response?