The Bureau of Labor Statistics is part of the U.S. Department of
a. the Treasury.
b. Commerce.
c. Labor.
d. the Interior.
Ans: c. Labor.
Economics
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If you save more because Social Security allows you to retire earlier than you would have retired had Social Security neither taxed you nor provided you with benefits, then this is referred to by economists as the
A. slovenly effect. B. bequest effect. C. asset substitution effect. D. induced retirement effect.
Economics
On the "demand side" of a market, consumers indicate what they are willing to buy, in what quantity and at what price
Indicate whether the statement is true or false
Economics
Which of the following is an income number?
a. M1 b. M2 c. GDP d. cash
Economics
The smallest component of national income is
A. rent. B. interest. C. profits. D. salaries and wages.
Economics