The survey the Bureau of Labor Statistics uses to collect unemployment data is called the:
A. current population survey.
B. census population survey.
C. census employment survey.
D. current employment survey.
A. current population survey.
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Which of the following statements is correct?
A. The demand for capital is derived from the demands for outputs. B. The demands for output are derived from the demand for capital. C. The demand for capital is derived from the demand for rent. D. The demand for rent is derived from the demand for capital.
For barter to occur there has to be
A. a single coincidence of wants. B. a commodity to serve as a medium of exchange. C. a double coincidence of wants. D. a formal market where prices are quoted.
When market wages increase in a perfectly competitive market, then
A) the marginal factor cost increases. B) the marginal product increases. C) the marginal factor cost decreases. D) the marginal product decreases.
When producers do not have to pay the full cost of producing a product, they tend to:
A. Over-produce the product because of a demand-side market failure B. Under-produce the product because of a demand-side market failure C. Under-produce the product because of a supply-side market failure D. Over-produce the product because of a supply-side market failure