If a person is waiting to be called back to a job from which she has been laid off, how is she classified by the Bureau of Labor Statistics?
A) as not in the labor force
B) as an unemployed person
C) as an employed person
D) as a discouraged worker
B
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You want to purchase two umbrellas. The price is $40 per umbrella, 2 for $60, 3 for $75. What will be the marginal cost to you of buying a third umbrella?
A) $75 B) $25 C) $20 D) $15 E) $10
Which of the following public policies is an example of a price ceiling?
A) Support prices for agricultural commodities B) Minimum wage laws C) Rent control program D) all of the above
The value that society places on consumption that is sacrificed in the present is called
A. social marginal costs. B. social marginal damages. C. social rate of discount. D. social returns.
If a nation's real risk-free interest rate fell relative to foreign nations, it would cause the value of the domestic currency to _______ and net exports to ________ (fill in the missing blanks)
a. Fall; rise b. Fall, rise c. Remain unchanged; rise d. Rise; fall e. Remain unchanged; fall