Julia is offered two options of government subsidies: $100 food stamp or $100 cash. If she receives $100 cash, she will spend $80 on food
If equivalent evaluation is measured for the situation when only $100 is available to her, the equivalent evaluation is A) greater than $100.
B) equal to $100.
C) less than $100.
D) Not enough information.
C
Economics
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The official unemployment rate may understate the true rate of unemployment because of
A) discouraged workers who no longer are actively seeking work and are excluded from the statistics. B) increases in worker productivity. C) workers who hold two jobs. D) changes in wage rates.
Economics
Dan sells newspapers. Dan says that a 4 percent increase in the price of a newspaper will decrease the quantity of newspapers demanded by 8 percent. According to Dan, the demand for newspapers is ________
A) inelastic B) unit elastic C) perfectly elastic D) elastic
Economics