Based on the data provided in the chapter, which of the following represents the largest component of the labor force?

A) discouraged workers
B) retired individuals
C) employed
D) unemployed


C

Economics

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When consumers are exposed to additional choices that result from the introduction of a new product,

a. their satisfaction is likely to be lowered as a result of their having to make additional choices. b. a product-variety externality is said to occur. c. an advertising externality is said to occur. d. consumers are likely to experience negative consumption externalities.

Economics

When the housing bubble popped, the effect of the negative demand side shock and the negative supply side shock were the same on:

A. output, causing it to definitely decrease. B. prices, causing them to definitely rise. C. output, causing it to definitely increase. D. prices, causing them to definitely fall.

Economics

The most likely complementary good for cereal would be:

A. milk. B. a bagel. C. a sub sandwich. D. pizza.

Economics

The growth of GDP may understate changes in the economy's economic well-being over time if the:

A. distribution of income becomes increasingly unequal. B. quality of products and services improves. C. environment deteriorates because of pollution. D. amount of leisure decreases.

Economics