Say's law was the centerpiece of
A. Keynesian economics.
B. communism.
C. classical economics.
D. rational expectations theory.
C. classical economics.
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In 2014, the Italian adult non-institutionalized population was 38.8 million, the labor force was 25.4 million, and the number of people employed was 22 million. According to these numbers, the Italian labor-force participation rate and unemployment rate were about
a. 65.5% and 13.4% b. 65.5% and 8.8% c. 56.7% and 13.4% d. 56.7% and 8.8%
Marginal utility is the
A) total satisfaction received from consuming a given number of units of a product. B) average satisfaction received from consuming a product. C) extra satisfaction received from consuming one more unit of a product. D) satisfaction achieved when a consumer has had enough of a product.