Which one of the following people would not be considered by the BLS a part of the labor force?
a. a steel worker who was laid off last week and is seeking work
b. a steel worker who was laid off last year and is no longer seeking work
c. a student who also works part-time
d. a member of the U.S. Navy
e. a retired college professor paid to teach a summer course
B
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Refer to Scenario 10.4. Suppose that the municipal stadium authority imposes a tax of $10 per ticket on the concert promoters. Given the information above, the profit maximizing ticket price would
A) increase by $10. B) increase by $5. C) not change. D) decrease by $5. E) decrease by $10.
The slope of the consumption function shows how: a. consumption changes over time. b. consumption changes as household size changes
c. consumption changes as the price level changes. d. income changes as the level of consumption changes. e. consumption changes as the level of income changes.