A firm's revenue minus its factor payments equals
a. zero.
b. the profits or losses earned by the firm.
c. the quasi-rents earned by the factors of production.
d. the firm's total revenue.
b. the profits or losses earned by the firm.
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If Brian, age 24, had no job but was available for work and had looked for a job the week before the survey, Brian is classified in the Current Population Survey as
A) unemployed. B) a discouraged worker. C) not in the labor force. D) employed. E) not in the working-age population.
It would require the most money to maintain a margin account when
A. You went short at $4.00 and futures are now at $3.00 B. You went long at $4.00 and futures are now at $3.00 C. You went short at $4.00 and offset your position when futures were at $3.50 D. Either A or B as you need margin money whether you are short or long