If the Bureau of Labor Statistics considers Jessica to be a discouraged worker, then she is not counted as unemployed for purposes of computing the official unemployment rate
Indicate whether the statement is true or false
True
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If s = MPS, and t = income tax rate, the marginal leakage rate is
A) s(1 - t) + t. B) s -t. C) s(1 - t). D) t(1 - s) + t.
Economists believe having higher prices for scarcer resources promotes efficiency.
Answer the following statement true (T) or false (F)
Diminishing marginal product occurs when
a. the marginal product of an input increases as the quantity of the input increases. b. the marginal product of an input decreases as the quantity of the input increases. c. total output increases as the quantity of an input increases. d. total output decreases as the quantity of an input increases.
The original sales price the Rooney family paid for the Pittsburgh Steelers was
A. $2,500. B. $2.5 billion. C. $25 million. D. $2.5 million.