Jack was unemployed two weeks ago but just started a new job. As a result of this increase in the number of employed workers, which of the following occurred?
A) The labor force participation rate increased.
B) The unemployment rate increased.
C) The labor force participation rate decreased.
D) The unemployment rate decreased.
Answer: D
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Which of the following is true?
a. To reduce cannibalization among products, reposition a product so that it does not directly compete with the other b. After acquiring a substitute product, lower prices on both the products c. After acquiring a complementary product, raise prices on both the products d. All of the above
The government sets up a lighthouse to prevent ships from crashing into rocks near the shore. The lighthouse is an example of a _____
a. merit good b. club good c. public good d. private good
A recent push in development economics is to:
A. put more focus on a program's effectiveness. B. fund only those programs that prove to be effective. C. stop the trial and error process of funding programs that "might" work. D. All of these statements are true.
Combined, in 2014, Medicare and Medicaid covered
A. 6 million people. B. 105 million people. C. 143 million people. D. 25 million people.