The labor force is defined as
A. all individuals who are at least 16 years old and are currently employed or unemployed.
B. all individuals who are at least 16 years old and are employed, looking for work or not looking for work.
C. all individuals who are at least 16 years old and are currently employed.
D. all individuals who are currently employed.
Answer: A
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Which of the following increases the chance of Americans accumulating a large amount of wealth during their lifetimes?
a. Starting to save money early in life b. Investing in the stock market c. Paying bills with cash d. Graduating from high school
The increase in income in response to a fiscal expansion in the IS-LM is:
What will be an ideal response?
In a small open economy, goods market equilibrium occurs when desired saving minus desired investment equals net exports. Explain
What will be an ideal response?
Firms that have high cost of monitoring, choose their employees much more carefully because
a. They are afraid that the employee would be too productive b. They are more confident that after getting the job, the employee would not shirk c. They are afraid that without screening, the employee would be more likely to shirk d. B & C