People who are not currently employed, but say they want a job, are counted as unemployed only if they
a. have previously held a job
b. are actively seeking employment
c. are willing to accept any reasonable wage rate
d. are between 16 and 65 years of age
e. are willing to accept any offer of employment
B
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The unemployment rate is found by dividing the number of unemployed people by the
A) number of working individuals, and multiplying by 100. B) number of the working-age population, and multiplying by 100. C) sum of working individuals plus unemployed workers, and multiplying by 100. D) number in the labor force, and dividing by 100.
What should a profit-maximizing monopolist do if she is currently producing where MC < MR?
a. increase output until MC = MR b. decrease output until MC = MR c. shut down in the long run d. keep producing at this level e. operate only in the short run