Monopolists can earn positive economic profits in the long run because they are more productively efficient than perfectly competitive firms

The Bureau of Labor Statistics would categorize a person as ________ if they were temporarily away from their job because they were ill

A) employed B) out of the labor force C) unemployed D) a discouraged worker

The human capital model assumes that

A. education is a productive investment that raises total output. B. education does not change potential productivity, but it does save resources by reducing sorting costs for employers. C. the educational system is a very expensive process to legitimize the intergenerational transmission of privileged status. D. such factors as the love of learning should be included in the analysis.