Every month, the Bureau of Labor Statistics surveys 160,000 business establishments to help determine the
a. number of people unemployed.
b. number of jobs the economy has gained or lost.
c. size of the labor force.
d. number of people who own their own businesses.
b
You might also like to view...
A sudden fall in the market demand in a competitive industry leads to
a. A short run market equilibrium price lower than the original equilibrium b. A market equilibrium price lower than the short run price c. New firms entering the market d. All of the above
Any event that causes either the demand curve or the supply curve to shift will also change the equilibrium price and quantity
a. True b. False Indicate whether the statement is true or false
The slope of the total production curve becomes:
A. steeper when marginal product increases, typically at low levels of input. B. steeper when marginal product decreases, typically at high levels of input. C. flatter when marginal product increases, typically at high levels of input. D. flatter when marginal product decreases, typically at low levels of input.
In a perfectly competitive market, the process of entry and exit will end when
a. price equals minimum marginal cost. b. marginal revenue equals marginal cost. c. economic profits are zero. d. accounting profits are zero.