Inflation is defined as an increase in:

Which of the following people would be considered employed in the Census Bureau's Household Survey?

a. A homemaker working 20 hours cleaning her house b. A person paid to work 2 hours per week cleaning houses c. A child shoveling neighbors' driveways for money d. A person volunteering full-time at a local hospital e. A laid-off carpenter looking for a job

You can either read a book, get something to eat, or take a nap. The opportunity cost of getting something to eat is _____

a. the cost of what you eat. b. the difference between the costs of the book and the food. c. the difference between the opportunity costs of reading and sleeping. d. the net benefit of sleeping. e. impossible to determine because the most preferred alternative is not known.