Persons who do not hold a job and are not actively seeking work are considered:
a. out of the labor force
b. unemployable, and not counted in official statistics.
c. underemployed.
d. unemployed.
a
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Robert Fogel's upper bound estimate of the social savings from the railroad industry came to about ____ of the GNP in 1890
a. 7 b. 15 c. 20 d. 120
A firm's implicit costs are
a. its maintenance costs b. its paid-out costs of production c. its main source of executive costs d. irrelevant to the determination of economic profit e. opportunity costs of production that do not involve money outlays
An increase in income in the United States would have what effect on the equilibrium exchange rate and equilibrium quantity of Canadian dollars in the foreign exchange market?
a. decrease in the exchange rate and decrease in the quantity b. decrease in the exchange rate and no effect on the quantity c. increase in the exchange rate and decrease in the quantity d. no change in the exchange rate and increase in the quantity e. increase in the exchange rate and increase in the quantity
Some of our security is managed at the local level. Local governments, for example, provide
a. corporate security guards b. police protection to safeguard our communities c. airport accommodations for the air force in times of emergency d. the National Guard e. city or town mall security forces