If the number of unemployed equals 125,000 and the number of employed equals 275,000, the labor-force participation rate
A. is 31.2%.
B. is 68.8%.
C. is 75%.
D. cannot be determined from this information.
Answer: D
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The United States produces more services than goods
Indicate whether the statement is true or false
What do economists call something that encourages an action by increasing its benefits or reducing its costs?
b. a market externality a. a positive incentive c. a rational choice d. an economic good
Average total cost is always ____________ average variable cost, but as output rises, the difference between them ____________.
A. greater than; widens B. less than; widens C. greater than; narrows D. less than; narrows
Which of the following is not true of a change in dividend payments?
A. There is no substitution effect because a change in dividend payments does not change a household's permanent income. B. There is no income effect because a change in dividend payments does not change a household's permanent income. C. There is no income effect because a change in dividend payments does not change the trade-off between work and leisure. D. all of the above