Which of the following would be an example of a flow variable?
a. The amount of money needed to buy a car
b. The amount of money a person has in her or her wallet
c. The amount of income a person earns each week
d. The amount of money a person has in a savings account
e. None of these are flow variables
C
Economics
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Jerome has a "C" average in his philosophy course and a "B" average in his economics course. He decides to study an extra hour for his philosophy exam. This is an example of
A) ceteris paribus. B) caveat emptor. C) using assumptions to simplify. D) thinking at the margin.
Economics
The labor force is the sum of the working-age population and the number of unemployed people
Indicate whether the statement is true or false
Economics