Stephen Moreno reported to the government interviewer that he worked 40 hours last week as a stocker at a Target department store. He is:

a. a member of the civilian labor force who is employed.
b. a member of the civilian labor force who is unemployed.
c. a member of the civilian labor force who is underemployed.
d. a discouraged worker who is not a member of the labor force.
e. not a member of the labor force.


a

Economics

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A) education and training. B) education and saving. C) education and technology improvements. D) education only. E) nothing because human capital is determined by the skills people are born with.

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Checks ________ money and credit cards ________ money

A) are; are B) are not; are C) are; are not D) are not; are not

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Clothing retailers have faced greater competition in recent years as more firms have entered the clothing market. Some of the competition has come from foreign competitors, but much of it is domestic competition

As a result there is much competition in markets for many types of clothing and A) individual buyers and sellers cannot affect the market price because it is determined by the market forces of demand and supply. B) there are no other implications. C) firms have a great degree of flexibility in pricing their products because these products can be sold at a high profit level. D) there are relatively few buyers and sellers in the market, and one individual firm can determine the market price.

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The "free rider problem" occurs in connection with

a. private goods. b. both public and private goods. c. goods that are not scarce. d. public goods.

Economics