Which of the following groups of people will NOT be considered as employed?
A) Government representatives earning a fixed salary every month
B) Housewives raising kids at home
C) Paid workers in the agricultural sector of a country
D) Teachers in public schools
B
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Which of the following would most likely cause a nation's currency to depreciate?
a. an increase in the nation's domestic inflation rate b. an increase in inflation of the nation's trading partners c. a decrease in the nation's domestic inflation rate d. an increase in domestic real interest rates
What does it mean if a person makes a "decision at the margin"?
A) The person compares additional benefits and additional costs when deciding what to do. B) The person weighs the good against the bad and then decides what to do. C) The person is more likely to say yes than to say no. D) The person compares marginal benefits and total costs and then decides what to do. E) The person makes a decision based on a condition.