Who of the following would be considered a discouraged worker?
A. Frank would like to work, but has not looked for work because he believes no jobs are available.
B. Melissa has a Ph.D. in physics, but is currently employed full time driving a taxi.
C. Ray wants to work forty hours per week, but can only find work for twenty hours per week.
D. Anna Marie has been looking for a job every day for the last month, but has not been hired.
Answer: A
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Prior to the health care reforms passed in 2010, about ________ of all Americans had no health insurance
A) 2% B) 5% C) 15% D) 40%
In the above figure, between 5 and 10 units per hour, the firm experiences
A) economies of scale. B) diseconomies of scale. C) constant returns to scale. D) decreasing total fixed costs.
As manufacturing becomes more efficient, services can be expected to become more costly.
Answer the following statement true (T) or false (F)
Dissaving occurs when
A. consumption spending exceeds real disposable income. B. the average saving rate for the nation unexpectedly falls. C. households reduce their planned monthly saving. D. households deposit unusually large amounts of money into their savings account.