Technological efficiency occurs when it is not possible for a firm to get more output from the inputs it is currently using
Indicate whether the statement is true or false
TRUE
Economics
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An increase in the labor force participation rate
A) means there are more discouraged workers. B) implies that the unemployment rate must fall. C) implies that the unemployment rate must rise. D) is consistent with either a rise or a fall in the unemployment rate.
Economics
Which of the following is not classified as a final good?
A. A new car purchased by a family B. A new machine purchased by a business C. New clothing purchased by a college student D. Fresh vegetables purchased by a restaurant
Economics