Persons who do not hold a job and are not actively seeking work are considered:
a. out of the labor force

b. unemployable, and not counted in official statistics.
c. underemployed.
d. unemployed.

a

Economics

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In competitive price-searcher markets, short-run economic profits will lead to

a. long-run economic profits. b. the exit of firms from the market and the eventual restoration of zero long-run economic profits. c. the entry of additional firms into the market and the eventual restoration of zero long-run economic profits. d. the entry of additional firms into the market, which increases the demand for the product of each firm in the market.

Economics

About how much of the tax is paid by the sellers?


A. 20 cents
B. 50 cents
C. $1
D. $1.80

Economics