A perfectly competitive firm is a “price maker.”

Answer the following statement true (T) or false (F)

False

Economics

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An example of an explicit cost would be the wages that a business owner pays her employees

a. True b. False Indicate whether the statement is true or false

Economics

In an economy with a population of 100 million persons, 50 million hold civilian jobs and 20 million are not working but are looking for a job. The number of persons in the civilian labor force is

A) 50 million. B) 70 million. C) 170 million. D) 180 million..

Economics