If the labor force participation rate is rising and the working -age population is not changing, then the
A) size of the labor force is falling.
B) size of the labor force is rising.
C) number of employed people must be increasing.
D) number of unemployed people is rising and the size of the labor force is falling.
E) number of unemployed people is falling and the size of the labor force is rising.
B) size of the labor force is rising.
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The figure above shows the supply curve for soda. The market price is $1.00 per soda. The producer surplus from all the sodas sold is
A) $0.00. B) $15.00. C) $20.00. D) $1.00. E) None of the above answers is correct.
Total costs increase from $1500 to $1800 when a firm increases output from 40 to 50 units. Which of the following are true?
a. AVC rise by $300 b. AVC rise by $1800 c. AVC rise by $1500 d. AVC rise by $0
Assume six firms comprising an industry have market shares of 30, 30, 10, 10, 10, and 10 percent. The Herfindahl index for this industry is:
A. 2,000. B. 1,600. C. 2,200. D. 80.
If the government reduced marginal tax rates on Social Security receipts to zero,
A. Output from older workers would decrease. B. All retirees would receive full benefits. C. Payroll taxes for the program would decrease. D. The financial cost of the program would decrease.