The Bureau of Labor Statistics defines marginally attached workers as persons who currently are neither working nor looking for work but indicate that they want and are available for a job and have looked for work sometime in the recent past
a. True
b. False
Indicate whether the statement is true or false
True
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Suppose that an economy is initially operating at a point on its PPC. If it then experiences an expansion in its production capacity, but its total spending does not rise as fast as its capacity, the economy will end up:
A. Still on its PPC B. Outside its PPC C. Inside its PPC D. On one of the axes of its PPC
The following question relate to a community that is circular in nature with a one mile circumference. There are 81 people evenly distributed around the lake where the town is built. The travel cost is $10 per mile, a restaurant costs $100 to set up, and the cost per meal is $2. What is the rate at which transportation costs are falling when the optimal number of restaurants is reached? Round off small residuals to the nearest whole number.
What will be an ideal response?