Which of the following serves as the central bank for the United States?
A. the Federal Reserve System
B. the Department of Treasury
C. the Federal Deposit Insurance Corporation
D. the Congress
Answer: A
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The unemployment rate is the number of people unemployed divided by the
A) number of people employed, then multiplied by 100. B) working-age population, then multiplied by 100. C) labor force, then multiplied by 100. D) labor force participation rate, then multiplied by the population. E) population, then multiplied by 100.
An increase in labor supply will increase the equilibrium wage rate
a. True b. False
Marginal revenue is the addition to a firm's revenue from
a. a $1 change in price. b. a one-unit change in output. c. the sale of inferior output. d. a $1 reduction in marginal cost.
An example of physical capital is:
A. a tractor. B. a high-yield seed varietal. C. a farmer. D. All of these are examples of physical capital.