Fiat money is backed by gold

The fair results approach to fairness

A) requires property rights and voluntary exchange. B) supports transferring income from the rich and giving it to the poor. C) requires efficient market outcomes. D) ensures that marginal cost equals marginal benefit. E) never creates a big tradeoff.

Which individual is out of the labor force?

a. Matthew is working 30 hours per week. b. Sandra is without a job, is able to work, and is actively looking for work. c. Ashley is working 6 hours per week. d. John is without a job, is able to work, but is not actively looking for work.