If there are 95 million people working, 5 million discouraged workers, 5 million receiving unemployment insurance benefits, and 10 million officially unemployed, how many people are in the labor force?
A. 95 million
B. 100 million
C. 105 million
D. 110 million
E. 115 million
C. 105 million
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The division of labor generally refers to splitting
A. the three coordination decisions among different sets of planners. B. the parts of a complex task among different workers. C. the production of consumption goods and capital goods among different workers. D. political leaders into radical and conservative camps each year.
Refer to Figure 6-2. The absolute value of the price elasticity of demand at points a and b is 1. What is the value of Pb?
A) $50 B) $40 C) $30 D) $20
A unanimity rule for collective decision making has the disadvantage of _____
a. accepting too many inefficient outcomes b. high decision-making costs c. not clearly being a Pareto improvement d. increasing external costs
The Middle Colonies' exports went primarily to
a. the United Kingdom. b. continental Europe. c. the West Indies. d. Africa.