The labor force includes individuals who are:I.EmployedII.UnemployedIII.Discouraged workers
A. I only
B. Both I and II
C. Both I and III
D. All I, II and III
Answer: B
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A ________ occurs when an economic activity has a spillover cost that does not affect those directly engaged in the activity
A) positive externality B) negative externality C) gain in producer surplus D) gain in consumer surplus
The demand for labor is different from the demand for final goods and services because
A) the law of demand does not apply to the demand for labor. B) the demand for labor is derived from the demand for the good or service the labor is used to produce. C) it is a demand for people, not inanimate objects. D) the demand for labor is more inelastic than the demand for the goods and services produced with this labor.
Give an example of an industry that would seek intellectual property rights protection because its product incorporates innovation and research
What will be an ideal response?
Consider the Keynesian consumption function. If disposable income is greater than the break-even level of disposable income, then households will be:
a. investing. b. borrowing. c. dissaving. d. saving.