The labor force in the United States is defined as
A) the total number of individuals who are employed.
B) the sum of the total number of individuals who are employed and the officially unemployed.
C) the sum of the total number of individuals who are employed, the officially unemployed, and discouraged workers.
D) the total number of individuals who are 16 years old and older, but not retired.
E) none of the above
B
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To negotiate a higher wage rate, a union cannot
a. start with a strike and then work to reach a contract to end the strike b. negotiate in good faith and expect to hold its bargaining power c. negotiate without consulting other unions d. offer a supply curve of labor that is vertical e. offer a supply curve of labor that is horizontal
For an inferior good, an increase in consumer incomes results in an increase in the quantity demanded of the good
a. True b. False Indicate whether the statement is true or false