Refer to the above figure. In the absence of a subsidy,
A. Qd would be demanded and QM would be supplied.
B. the quantity Qo and price Po would prevail in the market.
C. the price Pd would be charged and quantity QM demanded.
D. None of these is correct.
Answer: B
Economics
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The civilian labor force consists of:
a. all civilians over the age of 16. b. the employed plus the unemployed who are not in the military. c. only individuals who are actually at work during a given week. d. civilians who are not in prisons or mental hospitals.
Economics
The statistical analysis of economic data is referred to as:
A. econometrics. B. calculus. C. deductive reasoning. D. microeconomics.
Economics