If Tom threatens to tell, what would Sarah's best response be?
a. Hit
b. Not hit
c. Run
d. Hide
b
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Discouraged workers are included in the calculation of the
i. unemployment rate. ii. labor force participation rate. iii. working-age population. A) i only B) i and ii C) ii only D) iii only E) ii and iii
Trade allows each country to take advantage of lower ___________ costs in the other country.
a. replacement b. opportunity c. marginal d. retail
The two "goods" used when economists analyze labor supply are
a. work and leisure. b. work and consumption. c. saving and consumption. d. leisure and consumption.
When the value of our goods exports is less than the value of our goods imports,
A. foreign currency reserves must fall. B. the value of the dollar must fall. C. there will be domestic unemployment. D. there will be an unfavorable balance of trade.