The unemployment rate is a good measure of the social welfare or social distress because
A) it includes discouraged workers.
B) it distinguishes between part-time and full-time job seekers.
C) it measures the "importance" of a job to each worker.
D) None of the above.
D
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In economics, the difference between a firm's revenues and its costs is referred to as
A) factor payments. B) profit. C) physical capital. D) capital gains.
If a firm has a tying agreement with a distributor which substantially lessens competition, then it is likely to be in violation of the:
a. Clayton Act. b. Robinson-Patman Act. c. Sherman Antitrust Act. d. Federal Trade Commission Act. e. Interstate Commerce Act.
According to the theory of efficiency wages, firms operate more efficiently if wages are below the equilibrium level
a. True b. False Indicate whether the statement is true or false
The growth rate of total output equals
A. The growth rate of the labor force plus the growth rate of productivity. B. Gross investment minus depreciation. C. Real GDP per worker. D. Real GDP per capita growth rate.