Full-time homemakers and retirees are classified in the BLS data as
A. part of the labor force.
B. not in the labor force.
C. employed.
D. unemployed.
Answer: B
Economics
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The average starting salary for a history major is $29,500. If the CPI was 147.5, the real salary is
A) $200.00 an hour. B) $20,000. C) $35,000. D) $43,513. E) $14,750.
Economics
Using the data in the above table
A) the variables quantity and price are positively related. B) the variables quantity and price are negatively related. C) the variables quantity and price are neither positively nor negatively related. D) an increase in price is likely to cause an increase in quantity.
Economics