If people move from the category "not in labor force" to the category "employed" then:
a. The unemployment rate falls, and the employment rate rises.
b. The unemployment rate stays the same, and the employment rate rises.
c. Neither the unemployment rate nor the employment rate changes.
d. Labor force participation rate rises, the employment rate rises, and the unemployment rate rises.
e. The employment rate and non-institutional population over 16 rise.
.A
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If activists successfully lobbied government to force firms to produce more output than they normally would in a perfectly competitive market,
A) consumer surplus would decline. B) producer surplus would increase. C) taxation would solve the problem. D) total surplus in the market would decline.
At a given point in time, the Rawlsian welfare function gives equal weight to each individual's utility
Indicate whether the statement is true or false