In a small town of 100 people, there are 10 children under 16, 10 retired people, 60 people with full-time jobs, 3 people with part-time jobs, 3 full-time students over 16, and 4 full-time homemakers. The remaining people did not have jobs, but wanted them. How many people are in the labor force of this town?
A. 63
B. 80
C. 60
D. 73
Answer: D
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A) The market for patented nuclear medicines B) The market for wheat C) The market for smart phones D) The market for shower gel
If marginal cost is above the average variable cost, then average variable cost is decreasing
Indicate whether the statement is true or false
A hilly, public golf course is often used by sledders in the winter. One of the sledders was quoted as saying, "This is public property, so we have just as much a right to be on these hills as anyone else. Besides, when it snows, golfers can't use the course anyway. Sledding doesn't harm anything." Is he correct? Why or why not?
Imports are goods and services bought domestically
A) and produced domestically. B) but produced in other countries. C) and resold at a profit. D) and not subject to tariffs.