The unemployment rate includes
A. people who have given up looking for work.
B. people who are not employed but actively seeking work.
C. people who are not working in order to stay at home with children.
D. people not working because they are in school.
Answer: B
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Refer to the above payoff matrix (in years of sentence) for two people (Bo and Max) charged for robbery. Which of the following is the outcome of the dominant strategy without cooperation?
A) Both Bo and Max confess. B) Both Bo and Max do not confess. C) Bo confesses while Max does not confess. D) Bo does not confess while Max confesses.
Jerome, the florist, sold 500 bridesmaid's bouquets in June. He estimates his costs that month were ATC = $10, AVC = $6, and MC = $9 . If he sold each bouquet at the constant market price of $9, Jerome:
a. made an economic profit of $500. b. made a loss of $500. c. made an economic profit of $1,500. d. made a loss of $1,500. e. should have shut down in June.
The market value of all final goods and services produced in the economy in a given year is:
(a) Consumer price index. (b) Circular flow of income. (c) Personal income. (d) Gross domestic product.
Does a state sales tax function as a progressive, regressive, or proportional source of revenue, and why?
What will be an ideal response?