The total labor force includes all persons in the noninstitutional population who are either working or seeking work.
Indicate whether the statement is true or false
Ans: True
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In order to sell more output units, what must a monopoly do?
A) reduce output price B) reduce input price C) increase output price D) increase input price
If the price elasticity of demand (Ep) equals one in the short run, then, other things being equal, in the long run Ep will be
A. less than one. B. one. C. greater than one. D. indeterminate without more information.
Can economic analysis precisely determine the proper levels of government spending and taxation? In your answer explain the problems in using cost-benefit analysis
Please provide the best answer for the statement.
Juanita has just opened a new business selling pet supplies through the Internet
A) Juanita is an entrepreneur. B) Juanita is not providing economic goods since people purchase the goods. C) Juanita is not providing economic goods since pet supplies are not being sold in a store. D) Juanita is not an entrepreneur since there are other businesses that sell pet supplies.