A person who refuses an offer of employment in order to keep looking for a better job is counted by the BLS as
A) a discouraged worker.
B) a shirker.
C) eligible for unemployment compensation.
D) not in the labor force.
E) unemployed.
E
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Suppose Jennifer has $42,000 in currency which she deposits in her bank. If the reserve ratio is 50 percent, this will lead to a maximum increase of ________ in M1 throughout all banks
A) $0 B) $21,000 C) $42,000 D) $84,000
Which of the following best describes an entrepreneur?
a. A person who combines the factors of production to produce innovative products. b. A special type of capital. c. Wealthy individuals who provide savings that stimulate the economy. d. A person who works as an office clerk at a major corporation.
Which of the following conditions is not required for price discrimination?
A. The seller must possess some degree of monopoly power. B. Buyers with different elasticities must be physically separate from each other. C. The good or service cannot be resold by original buyers. D. The seller must be able to distinguish buyers with different elasticities of demand.
Is it possible for average total cost to be decreasing over a range of output where marginal cost is increasing? Briefly explain
What will be an ideal response?