An externality is an event that
A. is external to economics.
B. always brings harm to someone in the economy.
C. is incidental to some market activity.
D. harms the economy as a whole rather than a particular person.
Answer: C
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The legal system in which the law is continually reinterpreted by judges is labeled ________
A) a Napoleonic system of law B) a tropicalismo system C) a common law system D) a constitutional system
Whom does the Bureau of Labor Statistics include in the discouraged worker category?
a. those who are neither disabled, employed nor seeking employment b. labor force members who have chosen early retirement because they dislike their work or think the pay is too low c. people who tried unsuccessfully to find a job and aren't searching for a job any longer d. members of the labor force who are looking for a job but cannot find one e. anyone in the population who is not working