In August of 2013, the number of employed persons in the United States was 144.2 million, the number of unemployed persons was 11.3 million, and the number of persons not in the labor force was 90.5 million
What was the working-age population in August of 2013?
A) 155.5 million
B) 246.0 million
C) 234.7 million
D) 101.8 million
E) There is not enough information to answer this question.
B
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________ than the economically efficient quantity of a good or service will be produced in private markets where there are ________
A) More; positive externalities B) More; social benefits C) Less; positive externalities D) Less; social costs
Legislation that offers immediate and easily recognized benefits, at the expense of costs that are observable only in the distant future, is often enacted even when economic inefficiency results. This can be expected because of
a. a lack of incentive for operational efficiency in the public sector. b. market failure. c. the special-interest effect. d. the shortsightedness effect.