Answer the following questions true (T) or false (F)
1. The labor force participation rates of women have rapidly increased since 1948.
2. The household survey asks adults about their employment status and is used to compile the monthly unemployment rate.
3. The household survey is compiled from firms who answer questions about the number of persons who are employed and on the company payroll.
1. TRUE
2. TRUE
3. FALSE
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If the market price is less than a perfectly competitive firm's average total cost, what sort of profit or loss is the firm making?
What will be an ideal response?
The regulator that determines the permissible activities any bank may engage in is the
A) Federal Reserve. B) FDIC. C) House Banking Committee. D) Comptroller of the Currency.
Which of the following would be most likely to cause the production possibilities curve for computers and education to shift outward?
a. A choice of more computers and less education. b. A choice of more education and less computers. c. A reduction in the labor force. d. An increase in the quantity of resources.
If a country allows trade and, for a certain good, the domestic price without trade is higher than the world price,
a. the country will be an exporter of the good. b. the country will be an importer of the good. c. the country will be neither an exporter nor an importer of the good. d. Additional information is needed about demand to determine whether the country will be an exporter of the good, an importer of the good, or neither.