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
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Actual investment spending includes spending by consumers on
A) services. B) nondurable goods. C) new houses. D) durable goods.
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.
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.
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.