The U.S. Department of Labor classifies all individuals in the United States as
A. either overemployed or underemployed.
B. potential employees.
C. labor force participants.
D. either employed, unemployed, or not in the labor force.
Answer: D
Economics
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If a small percentage decrease in the price of chocolate causes a larger percentage decrease in the quantity supplied, the
A) demand for chocolate is elastic. B) demand for chocolate is inelastic. C) supply of chocolate is elastic. D) supply of chocolate is inelastic.
Economics
Which of the following statements is correct?
A. Interest rates and bond prices vary directly. B. Interest rates and bond prices vary inversely. C. Interest rates and bond prices are unrelated. D. Interest rates and bond prices vary directly during inflations and inversely during recessions.
Economics