The labor-force participation rate equals the percentage of the labor force that is either employed or unemployed
a. True
b. False
Indicate whether the statement is true or false
False
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If a particular choice that an individual faces gives him a benefit of $20 but costs $30, the net benefit from making this choice equals:
A) $20. B) $10. C) -$10. D) -$30.
The inflation tax alters people's behavior and creates a deadweight loss. Explain
Given the following information, we can infer that aggregate income equals:Profits$100Rent$150Compensation to employees$500Interest$150Taxes$100Transfer payments$50
A. $700. B. $950. C. $900. D. $750.
Alfonso represents a swimming pool company in a product market. Which activity might Alfonso expect to happen in this product market?
a. His company will buy pool supplies from households. b. His company will sell pool liners to households. c. Households will provide labor to install pools for his company. d. Households will use his company to sell pools to other households.