The adult non-institutionalized population in the town of Bedrock is 75 thousand. Within Bedrock, 5 thousand are unemployed, and 40 thousand are employed. Calculate the number of people not in the labor force
30 thousand
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President Jackson's reasons for vetoing the recharter of the Second Bank of the United States did not include
a. fears that the bank was nearing insolvency. b. questions of constitutionality. c. concerns over foreign ownership. d. fears that the bank could undo democracy itself.
Candidates in a two-person race express very similar positions a few weeks before the election. A voter complains that there is not much difference between the two candidates. What this voter misunderstands or ignores is that
A) each candidate has an incentive to be like the other. B) each candidate has an incentive to be different from the other. C) each candidate has an incentive to be perceived as in the "middle of the road," and if both candidates correctly act on this incentive they will end up sounding alike. D) this simply happens sometimes. E) none of the above
Appreciation of the euro relative to the dollar means that the
A. dollar price of the euro has fallen. B. euro price of gold has risen. C. euro prices of U.S. goods exported to the nation's that adopted the euro as its currency have fallen. D. euro is cheaper for Americans.
The Exclusive Gift Company has a monopoly over the sale of gold hula hoops. This company is currently pricing and producing where marginal revenue is equal to marginal cost. It is selling 50 gold hula hoops at a price of $5,000 each. Total costs for the company are $300,000 of which fixed costs are $100,000. You are hired as an economic consultant to this company. You should advise this monopolist to
A. shut down in the short run and exit the industry in the long run. B. produce in the short run but exit the industry in the long run if conditions do not change. C. shut down in the short run but expand capacity in the long run if conditions do not change. D. produce in the short run and expand capacity in the long run.