Find the size of the civilian labor force from the following data: frictional unemployment = 150, structural unemployment = 200, cyclical unemployment = 225, discouraged workers = 25, underemployed workers = 75, fully employed workers = 850, total population = 2,000

a. 1,425
b. 1,450
c. 1,500
d. 1,525
e. 2,000

c

Economics

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Property rights to resource uses are assigned to owners of the firm to avoid

A) hold-up problems. B) externalities. C) value creation. D) normal profits to the company as a whole.

Economics

Refer to the diagram for a noncollusive oligopolist. We assume that the firm is initially in equilibrium at point E, where the equilibrium price and quantity are P and Q. If the firm's rivals will ignore any price increase but match any price reduction, the firm's marginal revenue curve will be (moving from left to right):



A.  D 1 ED 2 .
B.  MR 2 abMR 1 .
C.  MR 2 aMR 2 .
D.  MR 1 bMR 1 .

Economics