The U.S. civilian labor force does not include
a. the self-employed.
b. members of Congress.
c. members of the armed services.
d. lawyers and doctors.
c. members of the armed services.
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Assume that Japan and the United States are engaged in a system of flexible exchange rates. One US dollar will purchase how many Japanese Yen?
A simple deposit multiplier equal to four implies a required reserve ratio equal to
A) 100 percent. B) 50 percent. C) 25 percent. D) 0 percent.
Using a Laspeyres index to calculate the Consumer Price Index (CPI)
A) weights quantities with current prices. B) weights prices with base-year quantities. C) weights quantities with base-year prices. D) weights prices with current year quantities.
Which one of the following statements concerning employee discrimination is not true?
A. Workers accept the utility-maximizing job offer even when there is employee discrimination. B. Employee discrimination does not affect the profitability of firms as long as firms can employ segregated work forces. C. Employers have no reason to employ a segregated workforce if there is employee discrimination. D. Discriminating employees act as if their wage is less than it actually is if they are employed by a firm that has an integrated workforce. E. Employee discrimination will not produce a wage differential between equally skilled black and white workers.