The labor force equals the number of people

A) employed.
B) unemployed.
C) employed plus unemployed.
D) in the working-age population.

Answer: C

Economics

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The above figure shows a firm in monopolistic competition. At the profit maximizing level of output, excess capacity for the firm is equal to

A) 0 units per day. B) 4 units per day. C) 8 units per day. D) 16 units per day.

Economics

A job advertised in an industry publication rather than a local newspaper is an attempt to

A) use access to the industry publication as a screening mechanism. B) use access to the newspaper as a screening mechanism. C) use access to the industry publication as a means of statistical discrimination. D) use access to the newspaper as a means of statistical discrimination.

Economics