Which one of the following individuals is NOT counted as unemployed?
A. a 22-year-old aspiring actress currently without any show business employment, but working temporarily as a waitress while she auditions for acting jobs
B. a 50-year-old woman laid off from her former job because of a downturn in the company's sales and looking for another job
C. a 35-year-old woman fired from her prior work because of poor performance and looking for another job
D. a recent college graduate currently without any employment and looking for her first full-time job
Answer: A
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If two countries begin trade and both produce a product subject to external economies of scale, then the country with the ________ rate of production will ________ production until it controls ________ of the market
A) higher; increase; 100% B) higher; increase; 50% C) lower; increase; 100% D) lower; increase; 50% E) higher; decrease; 0%
A difference between a proprietorship and a partnership is that
A) a proprietorship is easy to form while a partnership is hard to form. B) a proprietorship has only one owner while a partnership has only two owners. C) a partnership allows for specialization while a proprietorship does not. D) the profits in a proprietorship are taxed only once while in a partnership they are taxed twice.
Joan is deciding where to spend her spring break. If she goes to Cancún, Mexico, the trip will give her 9,000 units of utility and will cost her $300. If she travels to Florida instead, the trip will give her 8,000 units of utility and will cost her only $200. Joan will do best going to:
A. Mexico because her total pleasure will be greater. B. Florida because her pleasure per dollar will be greater. C. Mexico because her pleasure per dollar will be greater. D. Florida because her total cost will be lower.
Labor productivity increased so much in the second half of the 1990s because of
A. cheaper foreign imports used in production. B. improved information and communications technologies. C. higher levels of educational attainment by workers. D. increased foreign competition.