The labor-force participation rate measures the percentage of the adult population currently in the labor force

a. True
b. False
Indicate whether the statement is true or false

True

Economics

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Anything that has alternative uses has an opportunity cost and is, therefore, scarce.

a. true b. false

Economics

Refer to Figure 2-6. If the economy is currently producing at point C, what is the opportunity cost of moving to point B?

A) 26 thousand forks B) 20 thousand spoons C) 46 thousand forks D) 40 thousand spoons

Economics