The BLS obtains employment information from a monthly survey of a sample of approximately 60,000 households

In the short run, a firm that is operating at a loss has two options. These options are

A) to go out of business or declare bankruptcy. B) to reduce output or reduce its variable costs. C) to shut down temporarily or continue to produce. D) to adopt new technology or change the size of its physical plant.

In the public choice (or new political economy) approach to development the emphasis is on

a. growth in the rural sector. b. the self-interested behavior of public officials. c. the dependence of LDCs on former colonial powers. d. the inherent efficiency of developing country markets.