The labor force includes:
A. employed workers and persons who are officially unemployed.
B. employed workers but excludes persons who are officially unemployed.
C. full-time workers but excludes part-time workers.
D. permanent employees but excludes temporary employees.
A. employed workers and persons who are officially unemployed.
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According to the benefits-received principle, those who receive the benefits from a government program should pay the taxes that support the program
Indicate whether the statement is true or false
The optimal collective decision rule _____
a. will be 100 percent if collective decision-making costs are high b. will be simple majority rule if external costs are extremely large c. has declining external costs as voting rule moves from unanimity d. is likely to be less than majority rule
The natural rate of unemployment is the same as the socially optimal rate of unemployment
a. True b. False Indicate whether the statement is true or false
Which of the following would NOT be considered a determinant of marginal productivity?
A. training B. talent C. gender D. experience