Jane is a 25 year old, full-time student. She works part time in her school library and is paid $7 an hour. She is considered to be
A) not in labor force.
B) not in the working-age population because she is in college.
C) employed.
D) unemployed.
E) in labor force but not working.
C
Economics
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Why might a VAT be more popular politically than a retail sales tax?
a. Its transparency appeals to voters. b. Its lack of transparency makes it easier to misunderstand its effects. c. It is more efficient per dollar raised. d. It is more consistent with the benefit principle of taxation.
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Which of the following is not a barrier to entry in an industry?
A. Economies of scale B. Profit maximization C. Strategic pricing D. Government licensing
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