If the number of discouraged workers increases, everything else remaining the same, then the
A) unemployment rate will increase.
B) employment-to-population ratio will decrease.
C) employment-to-population ratio will increase.
D) labour force participation rate will increase.
E) labour force participation rate will decrease.
E) labour force participation rate will decrease.
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A buyer values a house at $525,000 and a seller values the same house at $485,000 . If sales tax is 8% and is levied on the buyer, then, what would be the highest price that the buyer would be willing to pay?
a. $525,000 b. $523,800 c. $485,000 d. $486,111
Inflation increases the use of money as a store of value.
Answer the following statement true (T) or false (F)
Farmers lobbying the government for agricultural price supports are engaging in rent-seeking behavior.
Answer the following statement true (T) or false (F)
Imagine an economy with production function Y = F(K) = and 400 units of capital. If the depreciation rate is ? = .05, how much capital will deteriorate in the next period?
A. 8 units B. 20 units C. 4 units D. 16 units