The U.S. Bureau of Labor Statistics forecasts that ________ fastest-growing occupations over the next 10 years will be in health care
A) less than 2 of the 10 B) 13 of the 20
C) just under half of the D) over 95 percent of the
B
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A craze for apples in Riverdale increases the quantity demanded at every price by five bushels. Between any two prices, the new demand curve will be ____ the old demand curve.
A. more elastic than B. less elastic than C. equal in elasticity to D. More information is needed to predict the relationship.
Under what conditions might a monopoly lose money?
The capital stock is fixed at 50 units, the price of capital is $30 per unit, and the price of labor is $25 per unit. Given the above, if the firm produces 20 units of output, what is average fixed cost?
A. $600 B. $150 C. $50 D. $1.50 E. none of the above
What is the expenditure multiplier that underlies the changes in this graph?
a. 0.25
b. 0.40
c. 1.33
d. 4.00