Production output has dropped at Leah’s Deli. Leah has made several changes at her deli recently. Which one is the most likely explanation for the production output decline?
a. An efficient, new meat slicer was installed.
b. Online ads promoting sandwich specials were released.
c. The dining room booths were updated.
d. Kitchen staff was expanded to meet growing demand.
d. Kitchen staff was expanded to meet growing demand.
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The U.S. Department of Labor classifies all individuals in the United States as
A) either overemployed or underemployed. B) labor force participants. C) either employed, unemployed, or not in the labor force. D) potential employees.
Which of the following statements is FALSE about the issues faced by the government when contemplating a tax?
A) Consideration must be given to how tax rates relate to the amount actually received. B) Consideration must be given to how taxes influence market prices. C) Consideration must be given to how taxes influence equilibrium quantity. D) Consideration must be given to the amount of funds the government will be receiving from the transfer payments paid by the public to the government.