Who is not included in the labor force by the Bureau of Labor Statistics?
a. Anita, who is on temporary layoff
b. Lauren, who has retired and is not looking for work
c. Raymond, who does not have a job but has applied for several in the last week
d. None of the above is correct.
b
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It is possible to come up with a democratic social choice process that satisfies Arrow's axioms as long as we are willing to let go of the No Dictatorship axiom.
Answer the following statement true (T) or false (F)
_________________—a term referring to the percentage change in the quantity of savings divided by the percentage change in interest rates.
a. Cross-price elasticity of demand b. Income elasticity of demand c. Elasticity of savings d. Wage elasticity of labor supply
Use the figure below to answer the following question.
If a price floor in this market is set at P2, then consumer surplus equals area
A. a + b + d. B. b. C. a. D. a + b.
If you invest in a foreign company by buying 8 percent of its shares of stock, you have engaged in
A. adverse selection. B. foreign direct investment. C. moral hazard. D. portfolio investment.