The labor force is defined as the number of
A. people who are working.
B. employed plus the number of unemployed.
C. people who are working in labor-type jobs.
D. union members who are working.
Answer: B
Economics
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Curve (3) in the diagram is a purely competitive firm's:
A. total cost curve.
B. total revenue curve.
C. marginal revenue curve.
D. total economic profit curve.
Economics
Production Possibility Schedules for Two South Pacific Island NationsKiribatiTuvaluMangoesCoconutsMangoesCoconuts30001,20002004008001,2001008004002,40001,20003,600In Tuvalu, the opportunity cost of producing one coconut (in terms of mangoes) is:
A. 3. B. 0. C. 1/3. D. 400.
Economics