The U.S. Bureau of Labor Statistics forecasts that by 2024, total employment in U.S. manufacturing will
A) decline to 11.4 million.
B) increase to 12.3 million.
C) remain the same as it was in 2016.
D) virtually cease to exist.
Answer: A
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________ is a process of bundling together smaller loans (like mortgages) into standard debt securities
A) Securitization B) Origination C) Debt deflation D) Distribution
Average cost equals total cost multiplied by the number of units of output.
Answer the following statement true (T) or false (F)
When an economist says a firm is earning zero economic profit, this implies that the firm
a. will be forced out of business in the near future unless market conditions change. b. is earning a zero rate of return on its assets. c. is earning as high a rate of return now as could be earned in other industries. d. has an accounting profit of zero.
In an attempt to separate the quality changes from price changes of a product over time, the BLS does a:
A. hedonic quality adjustment by estimating what the price of the item would be without the improved features. B. qualitative market adjustment by estimating the price of the items in all markets. C. qualitative price change by estimating the price of all possible brands of the items. D. hedonic quality adjustment by estimating the price of similar goods.