From the table above, which gives data about the U.S. labor market in 1933, the labor force participation rate is
A) 12 percent.
B) 48 percent.
C) 60 percent.
D) 95 percent.
E) 65 percent.
C
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Use the figure below to answer the following question.
What is the amount of consumer surplus after the government imposes the excise tax on the market?
A. $162 B. $486 C. $540 D. $144
Use the following table to answer this question, which provides information on the production of a product that requires one variable input. InputTotal Product0015220332442550655758858956 Diminishing marginal returns set in with the addition of the
A. fourth unit of input. B. first unit of input. C. second unit of input. D. third unit of input.
The effect of successful compliance with recycling regulation by homeowners on the market for recycled paper along with a concurrent rise in demand for products made with recycled paper is best shown by a shift to the right in the supply of and demand for recyclable paper and a certain drop in its price.
Answer the following statement true (T) or false (F)
Free trade
A. hurts economic growth because foreign countries can produce goods with lower labor costs. B. hurts economic growth because foreigners are not bound by the same patent laws as we are. C. helps economic growth by increasing tariffs. D. helps economic growth by encouraging the sharing of technology and industrial ideas.