One of the reasons for the growth performance of free-market economies is firms’ use of innovation to compete with one another.
Answer the following statement true (T) or false (F)
True
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Governments contribute to increased average labor productivity in each of the following ways except by:
A. allowing the free and open exchange of ideas. B. maintaining political stability. C. imposing taxes on wages. D. establishing well-defined property rights.
A home theater system and an HD television would be considered an example of:
A) substitute goods. B) giffen goods. C) inferior goods. D) complementary goods.
Marcus sells 300 candy bars at $0.50 each. His total costs are $125 . His profits are
a. $25. b. $124.50. c. $125. d. $150.
In April? 2017, the? working-age population of the United States was 254.6 million. The? working-age population is divided into those in the labor force? (160.2 million) and those not in the labor force? (94.4 million). The labor force is divided into the employed? (153.2 million) and the unemployed? (7.1 million). Those not in the labor force are divided into those not available for work? (88.7 million) and those available for work? (5.7 million).? Finally, those available for work but not in the labor force are divided into discouraged workers? (0.5 million) and those currently not working for other reasons? (5.2 million).
What will be an ideal response?