Using the table above, the Current Population Survey classifies the group of individuals obtained by adding groups 5 and 6 as

A) the labor force.
B) employed.
C) discouraged workers.
D) unemployed.
E) the working age population.


A

Economics

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Actual investment spending includes spending by consumers on

A) services. B) nondurable goods. C) new houses. D) durable goods.

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The above figure shows supply and demand curves for milk. Suppose that the government passes a $2 per gallon subsidy. The deadweight loss resulting from this policy will be

A) j. B) f + g. C) b + c + f + g. D) c + g.

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The quantity of TVs sold is 100 at the unit price $200. Suppose the price elasticity of demand for TVs by the initial value method is 2.0, and you would like to decrease the unit price for TVs to $150. Then the new quantity sold must be:

A. 125. B. 150. C. 200. D. 250.

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When a business is owned and operated by a single individual who receives all of the profits and is responsible for all debts, it is known as a

A) partnership. B) conglomerate. C) corporation. D) proprietorship.

Economics