In November 1995 the labor force in Aberdeen, South Dakota, was 14,800 . There were 14,483 persons employed. The local unemployment rate:
a. was 1.2 percent.
b. was 2.1 percent.
c. was 5.6 percent.
d. was 7.1 percent.
b
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LAPD needs to increase the size of its police force, and it will cost them $100,000 per year to recruit two full-time officers. The LAPD should ask the mayor to: a. impose an extra charge on citizens who require extra police protection. b. keep the current force and provide less security
c. hire a private firm to provide extra security. d. increase the tax paid by citizens.
In 2012, approximately what percent of the national debt was held by federal government agencies?
a. 1 percent b. 19 percent c. 29 percent d. a little more than 80 percent
The local baseball team owner hires you to help maximize the team's profits. Assume your task is to maximize revenues from ticket sales. Your advice to the owner should be to
A. Set the ticket price in the inelastic region of the demand curve in order to increase revenues. B. Set the price of tickets at the unitary elasticity price. C. Set the price as low as possible to make sure the stadium is always full. D. Raise the price as high as possible until the number of tickets sold begins to fall.
One way tariffs differ from quotas is that
A. tariffs produce no revenues but set limits on the imported items. B. tariffs are applied only on raw materials. C. quotas produce revenues for the exporting country's government. D. tariffs produce revenues for the importing country's government.