The total U.S. labor force excludes those
a. under age 20.
b. under age 18.
c. under age 16.
d. over age 70.
c. under age 16.
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The price of one good produced by a multiproduct industry rises. The effect on a second good produced by that industry will be
A. a shift left in the supply curve for the second good. B. no change in the supply curve for the second good. C. a shift right of the supply curve for the second good. D. a shift right of the demand curve for the second good.
The quantity of money demanded is proportional to
A) real GDP. B) the price level. C) the nominal interest rate. D) the real interest rate. E) the inflation rate.
Which of these is an example of a negative network externality?
A) Bandwagon effect B) Pollution C) Snob effect D) Two-part tariff
In early 2010 there were __________ Americans working than there were 10 years earlier.
A. more B. fewer C. the same number of