Suppose the civilian non-institutional population equals 250,000; there are 132,500 employed persons and 10,000 unemployed persons. How many persons are not in the labor force?

The three main methods that governments use to cope with an external cost of production include all of the following EXCEPT

A) taxes. B) mandating clean technology. C) cap-and-trade D) price floors.

The labor supply curve will shift to the right under which of the following conditions?

a. other things being equal, workers are willing to supply more hours of labor each week b. new workers enter the labor market c. a new law relaxes immigration quotas d. all of the above

If the government limits the number of firms in a market by issuing a limited number of licenses, the market structure is most likely to be:

A. a perfectly competitive market. B. a monopoly. C. a monopolistically competitive market. D. an oligopoly.

A revaluation causes which of the following to occur in the short run in the AS/AD model?

A) a reduction in net exports B) a reduction in the price level C) a reduction in output D) all of the above E) none of the above