Someone who is not employed and is not looking for work is classified in the household survey as
A. unemployed.
B. not in the population.
C. not in the labor force.
D. on welfare.
Answer: C
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Refer to the graph shown.
A movement from A to B is most likely to be caused by ________.
A. a decrease in aggregate demand B. an increase in input prices C. a decrease in input prices D. an increase in aggregate demand
Insurance companies can reduce risk by accepting premiums from
A) many people to insure against independent events. B) few people to insure against dependent events. C) few people to insure against independent events. D) many people to insure against dependent events.
What is price discrimination and how is it used to increase a monopoly's profit?
What will be an ideal response?
In Figure 3-5 above, saving is zero at
A) point J. B) point K. C) point L. D) none of the above because saving is never equal to zero under the conditions described in the graph.