If people cannot find work and drop out of the labor force, they are classified as
A. employed.
B. unemployed.
C. as part of the institutionalized population.
D. discouraged workers.
D. discouraged workers.
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Which of the following is a correct reason for stating that the United States has a fiduciary monetary system?
I. Our money is convertible to a fixed amount of silver or gold. II. Our money has a predictable value. A) I only B) II only C) Both I and II D) Neither I nor II
The deadline for your research paper is tomorrow and you still need a day of work to complete the paper. Unfortunately, you are scheduled to work all day in the cafeteria. You can turn the paper in one day late for a 10 percent penalty or take the day off of work and turn the paper in by the deadline. Losing a day of wages will cost you $90. The marginal cost of turning the paper in on time is:
A. 10 percent deducted from your final score. B. $90 in forgone wages. C. not getting to lounge around all day. D. the 10% deduction in score and $90 in forgone wages.
After a price floor of $23 is placed on the market in the graph shown:
A. some consumers lose because they pay a higher price.
B. some producers gain because they sell at a higher price.
C. the quantity traded in the market falls.
D. All of these are true.
About four out of five millionaires in the United States earned their money rather than inherited it
a. True b. False Indicate whether the statement is true or false