Legal or governmental restrictions that give monopolistic advantages to a firm include all of the following EXCEPT
A) economies of scale.
B) tariffs.
C) licenses.
D) franchises.
Answer: A
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The unemployed are those people who
A. are not employed but are seeking work. B. are not working. C. are not in the workforce. D. do not have jobs.
Since 1900, real GDP per capita has ________ and this measure ________ the actual growth in standards of living in the United States over this time
A) increased; overstates B) decreased; understates C) increased; understates D) decreased; overstates
What happens to the saving curve when the consumption curve shifts? What happens to the saving and consumption curves when taxes are changed? Explain
Which of the following individuals would be considered unemployed by the official government definition?
a. Alexander, a mathematician, who returned to graduate school after failing to find a job the last four months. b. Abigail, a medical student, who is still in college and is not working. c. Elizabeth, who is employed part-time but desires a full-time job. d. Darius, an auto worker vacationing in Florida during a layoff at a General Motors plant.