Who from among the following would be counted as unemployed?
A. A person who is willing to work but has not looked for a job in two months.
B. A person with a part-time job who wants and is looking for a full-time job.
C. A person who is willing to work and has looked for a job in the last week.
D. All of these people would be counted as unemployed.
Answer: C. A person who is willing to work and has looked for a job in the last week.
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Official unemployment rate statistics may
A. understate the amount of unemployment by excluding part-time workers in the calculations. B. overstate the amount of unemployment by including part-time workers in the calculations. C. overstate the amount of unemployment because of the presence of "discouraged" workers who are not actively seeking employment. D. understate the amount of unemployment because of the presence of "discouraged" workers who are not actively seeking employment.
Which of the following statements is true?
A) A monopoly is a price taker because it faces a downward sloping demand curve. B) A monopoly is a price maker because it faces a downward sloping demand curve. C) A perfectly competitive firm is a price taker because it faces a downward sloping demand curve. D) A perfectly competitive firm is a price maker because it faces a downward sloping demand curve.
When General Motors pays an outside vendor for auto parts, this is an external cost.
Answer the following statement true (T) or false (F)
The Clean Water State Revolving Fund (CWSRF) Program
a. was replaced by the federal grant program b. sets up lending programs at the state level to support POTW construction c. is no longer active d. received no support from the American Recovery and Reinvestment Act of 2009