Those individuals 16 years of age and over who are working in a job or actively seeking employment are called:
A) the labor force.
B) the employed.
C) the unemployed.
D) none of the above.
A
Economics
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An intertemporal budget constraint is downward sloping due to ________
A) the trade-off between current and future consumption B) the law of diminishing marginal productivity C) the law of supply D) the law of demand
Economics
If a society relies on competitive markets to allocate goods, then
A) an equitable distribution is assured. B) an equitable distribution is certain to not occur. C) the competitive equilibrium will be Pareto superior to any other. D) social welfare as measured by consumer surplus plus producer surplus will equal zero.
Economics