The adult population must equal the sum of the employed and the unemployed
a. True
b. False
Indicate whether the statement is true or false
False
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The table above has the domestic demand and domestic supply schedules for a good. If the world price of the good is $10 and international trade occurs, then according to the table
A) domestic production is higher before trade than after trade. B) the country imports 16 units a day. C) the country imports 6 units a day. D) the country exports 6 units a day. E) the country exports 22 units a day.
The sale of by-products of public goods can sometimes help to finance those goods. Which of the following would not be a by-product of a public good?
A. Having police contract with a newspaper to deliver papers on the morning patrols. B. Charging a fee for GPS signals that come from a defense department satellite. C. Adding software to a computer you are selling in hopes of getting more sales. D. Selling fishing license to fish off of a public bridge.