Which of the following groups of people are members of the labor force?
a. People in prison.
b. Full-time students.
c. People over 16 years of age who are employed.
d. Anyone not actively looking for work during the past 30 days.
c
Economics
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A movie theatre raises ticket prices from $8 to $10 in order to raise revenues. The theatre's management is assuming the absolute value of the price elasticity of demand for tickets is
A) less than 1. B) greater than 1. C) equal to 1. D) infinity.
Economics
Consider a public road that anyone is allowed to drive on. If the road is often congested, the road would be considered a
a. private good. b. club good. c. common resource. d. public good.
Economics