Karena was laid off, but she is expecting to be recalled. She has not looked for work since being laid off. Nathan is not employed, nor was he laid off. Who is counted as "unemployed" in the U.S. labor force statistics?
a. 1) Karena and 2) Nathan, even if Nathan has not looked for work during the previous four weeks
b. 1) Karena and 2) Nathan, if Nathan has looked for work during the previous four weeks
c. 1) not Karena but 2) Nathan, even if Nathan has not looked for work during the previous four weeks
d. 1) not Karena but 2) Nathan, if Nathan has looked for work during the previous four weeks
b
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In the above figure, if the market produces the efficient amount of purses, then consumer surplus equals triangle
A) abc. B) bcd. C) adc. D) cgf.
Economies of scale exist when the ________ a unit of a good ________
A) average cost of producing; falls as its output rate increases B) price; falls as its input rate decreases C) price; rises as its output rate increases D) average cost of producing; rises as its input rate increases
The regulatory agency that sets reserve requirements for all banks is
A) the Federal Reserve System. B) the Federal Deposit Insurance Corporation. C) the Office of Thrift Supervision. D) the Securities and Exchange Commission.
Refer to the information provided in Table 8.4 below to answer the question(s) that follow. Table 8.4ProduceUsing TechniquesUnits of Variable KInputs L1 unit of outputA4 4?B2 6????2 units of outputA 7 6?B410????3 units of outputA 8 6?B 6 11Refer to Table 8.4. Assuming the price of capital (K) is $10 per unit and the price of labor (L) is $5 per unit, the firm will use production technique ________ to produce ________ of output.
A. B; the first two units of output and production technique A to produce the third unit B. B; all three units C. A; the first unit and production technique B to produce the second and third units D. A; all three units