Who is included in the labor force by the Bureau of Labor Statistics?
a. Dia, an unpaid homemaker not looking for other work
b. Kevin, a full-time student not looking for work
c. Sarah, who does not have a job but is looking for work
d. None of the above is correct.
c
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In a free market, if the price of a good is above the equilibrium price, then;
A. sellers, dissatisfied with growing inventories, will raise their prices. B. buyers, hoping to ensure they acquire the good, will bid the price lower. C. sellers, dissatisfied with growing inventories, will lower their prices. D. the government will set a lower price to reestablish the market equilibrium.
Common property is
A. property that has mineral or oil deposits. B. property owned by a group such as a club. C. a resource that everyone is free to use as much as they want. D. property that has little economic value.