Which of the following would reduce the labor force participation rate, all else equal?
A) an increase in the working-age population
B) an increase in the unemployment rate
C) a decrease in the unemployment rate
D) an increase in the number of people in the labor force
A
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For which of the following medical services is the income elasticity of demand likely to be the smallest?
a. face-lifts b. plastic surgery c. manicures d. emergency services after a car accident e. hair transplants
In the circular-flow diagram,
a. firms are buyers in the markets for goods and services. b. households are sellers in the markets for the factors of production. c. firms are sellers in the markets for factors of production and in the markets for goods and services. d. dollars that are spent on goods and services flow directly from firms to households.
All of the following are examples of coupon bonds EXCEPT
A) corporate bonds. B) U.S. Treasury bills. C) U.S. Treasury notes. D) U.S. Treasury bonds.
The productivity of the employees of a bakery is reduced because of the excessive noise coming from a next door car repair shop. This is an example of
A) synergy. B) a positive externality. C) a negative externality. D) happy coexistence.