Who of the following is counted as unemployed?
A) Rene, a retired chemist
B) Homer, a full-time student at a vocational school
C) Kim, a worker on strike from her company for a week
D) Glenn, a student who just graduated from college last week and is currently looking for a job
D
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Official reserve assets include all of the following EXCEPT
A) foreign currencies. B) gold. C) special drawing rights. D) gifts to foreign countries.
Figure 7-17
Which of the following statements must be true when a firm makes choices that put it at point A in Figure 7-17?
a.
The firm is minimizing its cost of producing 100 units of output.
b.
The ratio of the marginal physical products of labor and of land equals the ratio of the prices of labor and of land.
c.
The firm first decided how much output to produce and then decided how to produce it.
d.
All of the above are true.