The unemployment rate is a good measure of the social welfare or social distress because
A) it includes discouraged workers.
B) it distinguishes between part-time and full-time job seekers.
C) it measures the "importance" of a job to each worker.
D) None of the above.
D
Economics
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The more bowed the Lorenz curve, the
A) richer the society. B) more unequal the distribution of money income. C) poorer the society. D) more equal the distribution of income.
Economics
Which of the following is a result of scarcity?
a. Costs are incurred in making choices. b. We attempt to utilize our resources as efficiently as possible. c. We must make choices between production possibilities. d. We are unable to produce all we would like to produce. e. All of these.
Economics