The relationship between average and marginal variables can be stated as follows: if the marginal is greater than the average,
a. the average is increasing
b. the average is decreasing
c. the marginal is increasing
d. the marginal is decreasing
e. the total is decreasing
A
Economics
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People who are not employed and are not actively looking for work, because they are fairly certain they could not find a satisfactory job, are counted by the BLS as
A) involuntarily employed. B) neither employed nor unemployed. C) unemployed members of the labor force. D) voluntarily unemployed.
Economics
A binding minimum wage is a type of:
a. quota. b. price floor. c. price ceiling. d. tax incidence.
Economics