The elasticity of demand for Dell computers is probably
A) inelastic and smaller than the elasticity of demand for computers overall.
B) elastic and smaller than the elasticity of demand for computers overall.
C) inelastic but larger than the elasticity of demand for computers overall.
D) elastic and larger than the elasticity of demand for computers overall.
D
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Suppose the population of a fictional economy falls into the following categories: 320 are employed full time; 110 are employed part time; 20 are unemployed but are actively looking for employment; 50 are unemployed and are not actively looking for
employment. The official unemployment rate as calculated by the BLS would be A) 4.4%. B) 5.9%. C) 14.0%. D) 28.9%.
Pressure to redistribute the economic pie is strong when the economy is booming
Indicate whether the statement is true or false