Which of the following statements is true regarding part-time workers?
A) Part-time workers who are part-time for economic reasons are included in the unemployment rate, but part-time workers who are part time for noneconomic reasons are not included in the unemployment rate.
B) The percentage of workers who are part time due to non-economic reasons rise significantly during recessions.
C) The percentage of workers who are part time due to non-economic reasons is about the same percentage as those who are voluntary reasons.
D) Part-time workers are divided those who voluntary choose part-time work and those who work part-time due to economic reasons.
E) The percentage of workers who are part time due to economic reasons does not change much over the business cycle.
D
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Choose the best statement
A) GDP equals aggregate expenditure and equals aggregate income. B) An increase in government purchases increases aggregate expenditure but does not change GDP. C) An increase in compensation of employees increases aggregate income but does not change GDP. D) GDP always equals aggregate expenditure and sometimes equals aggregate income.
Economists believe that individuals act as if they are motivated: a. primarily by the opinions of their peers
b. primarily by human emotions. c. primarily by self-interest. d. only by concern for the larger community.
Refer to Figure 8.3. What is marginal cost when output is 200 units?
A. $9
B. $2500
C. $8.62
D. $7.77
Medigap policies are designed to offer
a. coverage for Part D out-of-pocket spending. b. catastrophic coverage for costs that exceed traditional Medicare's out-of-pocket maximum. c. long-term care coverage for the elderly. d. coverage for dental and vision care. e. first dollar coverage for out-of-pocket spending on deductibles and coinsurance.