Consider an economy made up of 100 people, 60 of whom hold jobs, 10 of whom are looking for work, and 15 of whom are retired. The number of people in the civilian labor force is
a. 30.
b. 60.
c. 85.
d. 90.
e. 70.
E
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In many European countries it is much easier than in the United States for unemployed workers to receive generous wage replacement income from their governments
Indicate whether the statement is true or false
Suppose that in a given country in a given year, GNP equals $2,000, investment expenditures equal $200, government expenditures equal $150, and the current account surplus equals $50. Consumption expenditures therefore equal
A) $1,000. B) $1,200. C) $1,400. D) $1,600.
According to the theory of cost, specialization in the use of variable resources in the short-run results initially in:
a. decreasing returns and declining average and marginal costs b. increasing returns and declining average and marginal costs c. increasing returns and increasing average and marginal costs d. decreasing returns and increasing average and marginal costs e. none of the above
the government created a new tax credit to encourage businesses to build more factories
What will be an ideal response?