The working-age population includes
A) people over the age of 16 who are in the Army.
B) employed and unemployed people over the age of 16.
C) those in jails and hospitals.
D) youngsters between the ages of 14 and 16 if they are working at least part time.
E) only employed people over the age of 16.
B
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Rent control continues to survive despite its flaws because
A. economists generally favor it. B. landlords like its simplicity. C. it creates economic growth in a city. D. those displaced by the policy do not live in the community and cannot vote to end it.
The fact that the price of diamonds is higher than the price of water
A. can be explained as the outcome of a consumer optimum in consumer choice theory. B. is an outcome of irrational behavior in consumer choice theory. C. cannot be explained by behavioral economics or consumer choice theory. D. can be explained only by behavioral economics but not by consumer choice theory.