Distinguishing between stock measures and flow measures of the labor force, the stock measures are
A. the total number of people who are unemployed only.
B. the labor force only.
C. the number of people who lost their jobs and the number of people who found jobs only.
D. the total number in the labor force and the total number of people who are unemployed only.
Answer: D
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What is a shortcoming of price control legislation?
a. Price controls lower the quantity supplied. b. Price controls create surpluses. c. Price controls decrease the quantity demanded. d. All of the above are shortcomings of price controls.
The monopolistic competitor differentiates its product and gets people to buy their product by providing better (1) ______, (2) ______, and (3) ______.
Fill in the blank(s) with the appropriate word(s).
Which of the following best reflects the ability-to-pay philosophy of taxation?
A. Progressive income taxes. B. Excise taxes on gasoline. C. Taxes on residential property. D. Excise taxes on coffee.
The assumption that nothing changes EXCEPT the variables being studied is
A. normative economic analysis. B. the rationality assumption. C. positive economic analysis. D. the ceteris paribus assumption.