The labor-force participation rate shows the percentage of
A) non-institutionalized working-age people who are actually working or seeking employment.
B) people not working, but who want to work.
C) new entrants into the labor force.
D) people who are not actively participating in meaningful economic activity.
A
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The table above shows Danielle's utility from ice cream and romance novels
a) What is Danielle's marginal utility from the 4th novel? b) The price of ice cream is $5 per gallon and a novel is $10. If Danielle's budget for these two goods is $50 and she buys 2 gallons of ice cream, how many novels can she buy? If she buys 6 gallons of ice cream, what is her marginal utility per dollar spent on novels? c) Which combination of the two goods is better: 4 gallons of ice cream and 3 novels or 6 gallons of ice cream and 2 novels?
What are some of the issues associated with the consumer price index?
What will be an ideal response?
A market situation where a small number of sellers compose the entire industry is called: a. monopolistic competition. b. monopoly
c. oligopoly. d. perfect competition.
If the quantity of higher education demanded rises by 5 percent when incomes rise by 10 percent,
a. higher education is a normal good b. higher education is an inferior good c. the demand for higher education is price elastic d. the law of demand applies to higher education e. the demand for higher education is price inelastic