If the BLS counted persons that are on active military service in the totals for employment, the labor force, and the working-age population, this would
A) decrease the measured unemployment rate.
B) decrease the measured labor force participation rate.
C) decrease the number of persons in the labor force.
D) decrease the number of persons in the working-age population.
Answer: A
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All of the following are government purchases except
A) the salary paid to Senator John Cornyn of Texas. B) the presidential pension paid to former President George H.W. Bush. C) the purchase of a new office building for the CIA. D) the purchase of new radar tracking equipment for the Navy.
A standard way to measure income mobility is to compare:
A. people's income to their parents' income. B. people's income at the beginning of their work-life to their income when they retire. C. the education level of people to that of their parents'. D. None of these is a standard way to measure income mobility.
Income taxes and transfer payments help prevent extreme macroeconomic fluctuations
a. True b. False Indicate whether the statement is true or false
Refer to Table 8.2. If Sherry produces four pairs of earrings, her average fixed costs are A) $4. B) $20. C) $25. D) $100.