The town of Marble Falls has 10 workers, of which 8 were employed and 2 were actively seeking work. After many months of seeking work, one of the unemployed workers became discouraged and stopped looking for work six weeks ago
The unemployment rate in Marble Falls is now A) 10%.
B) 11.1%.
C) 12.5%.
D) 20%.
B
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An economy's production function is Y = A , and the economy's total output in equilibrium is $90 billion. Total capital income in this economy is ________
A) $27 billion B) $30 billion C) $21 billion D) $70 billion E) none of the above
In colonial Georgia,:
a. communal agriculture was successful. b. cotton plantations were flourishing by the early 1700s. c. the slave population assisted free colonists in defending the Florida border. d. slavery was initially prohibited.
Bonnie volunteers to help make floral arrangements at a flower shop. She is an example of
A. human capital. B. labor. C. entrepreneurial ability. D. physical capital.
Assume that Country X and Country Y are trading partners and the exchange rates are fixed. If prices in Country Y fall, which of the following is expected to happen?
A. Country X will export more. B. Economy of Country X will be depressed. C. Net exports will rise for Country X. D. Country Y will import more.