The unemployment rate tells us:
A. what percentage of the labor force want to work and can't find a job.
B. what portion of the population is causing the economy to languish.
C. how to solve the problem of unemployment.
D. who is being affected by the fluctuations of the economy.
Answer: A
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One of the necessary conditions for the classical model to be TRUE is that
A) wages were flexible and prices are fixed. B) wages and prices are fully flexible. C) wages and prices are partly flexible. D) wages and prices will not change.
India's rapid growth can be explained by
A) reduced regulations and market-based reforms. B) an increase in labor force participation. C) investment in human capital from 1947 through 2015. D) the movement of workers from the agricultural sector to the manufacturing sector.
A positive economic statement is:
a. an opinion of an action that should be taken. b. an action that will have a positive effect on the economy. c. a statement testable by facts. d. a claim that the speaker is positive will occur. e. always a microeconomic position.
A pollution tax internalizes the costs of pollution a firm is imposing on others.
Answer the following statement true (T) or false (F)