Refer to Scenario 15.5. What is the total amount Catherine will lose in earnings by being a smoker, if she works now and continues until age 65?
A) $1500
B) $67,500
C) $90,000
D) $97,500
E) $120,000
B
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The concept of aggregate supply refers to a
A. fixed number of output. B. list of products demanded. C. schedule of output. D. schedule of production costs.
The Bureau of Labor Statistics counts underemployed persons as those who are currently working:
A. in a job for which they are overqualified for. B. in a field that doesn't add a lot to overall GDP. C. less hours than their employer requires full-time workers to work. D. less than they would like to be.
Which of the following is a positive economic statement?
A) We should raise the minimum wage in order to provide a decent wage for more people. B) Consumers bought fewer cars when the relative price of cars increased. C) The budget deficit has been rising in recent years. D) Federal government spending ought to be curtailed. E) b and c
Bob is unemployed because his skills have become obsolete due to technological advances. This is ____ unemployment.
A. frictional B. structural C. cyclical D. seasonal