Some individuals would like to have a job, but they have given up looking for a job after an unsuccessful search. These individuals are called
a. detached workers, and they are classified by the Bureau of Labor Statistics as unemployed.
b. detached workers, and they are not classified by the Bureau of Labor Statistics as unemployed.
c. discouraged workers, and they are classified by the Bureau of Labor Statistics as unemployed.
d. discouraged workers, and they are not classified by the Bureau of Labor Statistics as unemployed.
d
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The sellers pay the entire sales tax levied on a good when demand is perfectly ________ or supply is perfectly ________
A) elastic; inelastic B) elastic; elastic C) inelastic; inelastic D) inelastic; elastic
If an isocost line crosses the isoquant twice, a cost minimizing firm will
A) use a different isocost line to select the bundle of inputs. B) use the input bundle associated with the intersection on the higher point of the isoquant. C) use the input bundle associated with the intersection on the lower point of the isoquant. D) Both B and C.