___________ are things that suggest something else through association, such as a tattoo or engagement ring
a. Fine tuning
b. Symbols
c. Kinesics
d. Gifts
B
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Data for an economy shows that the unemployment rate is 10 percent, the participation rate 80 percent, and 200 million people 16 years or older are not in the labor force. How many people are unemployed in this economy?
A. 1.0 billion B. 800 million C. 80 million D. 200 million
The effect on short-run equilibrium output of a one-unit increase in autonomous expenditure is called:
A. Okun's law. B. average labor productivity. C. the income-expenditure multiplier. D. the marginal propensity to consume.
Scarcity is a concept that applies to all of the following except
A. time. B. natural resources. C. human wants. D. machinery.
How do we calculate average fixed cost and why does average fixed cost fall as output increases?
What will be an ideal response?