When an individual quits his job and decides to look for a new job immediately, the labor-force participation rate
A. stays the same.
B. increases.
C. decreases.
D. may increase or decrease, depending on the length of time he/she stays at home.
Answer: A
Economics
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If price exceeds marginal cost, we say that a firm receives
a. Extraction surplus b. User costs c. Consumer surplus d. Royalty payments e. Resource rents
Economics
An increase in the ____ interest rate will lead to an increase in the ____
a. nominal; demand for loanable funds b. nominal; supply of loanable funds c. real; quantity of loanable funds supplied d. real; quantity of loanable funds demanded
Economics