During an economic boom:
A. the level of unemployment tends to be high.
B. it is difficult for firms to recruit and retain workers.
C. firms have an easier time purchasing raw materials.
D. prices tend to decrease over time.
Answer: B
Economics
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A discouraged worker is someone who
A) is not in the labor force. B) is employed. C) has been fired. D) is unemployed.
Economics
Total surplus with a tax is equal to
a. consumer surplus plus producer surplus. b. consumer surplus minus producer surplus. c. consumer surplus plus producer surplus minus tax revenue. d. consumer surplus plus producer surplus plus tax revenue.
Economics