The labor force is made up of
A. all individuals who are employed.
B. those who are employed plus those who are unemployed.
C. the population of a nation, aged 16 years and above.
D. all individuals who are working and those who are not working.
Ans: B. those who are employed plus those who are unemployed.
Economics
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Which of the following is an example of the "shoe-leather costs" of inflation?
A) a rise in the cost of primary raw materials, like leather for shoes B) an artificial rise in the capital gains tax C) the need to take more trips to the bank D) miscalculations due to money illusion E) All of the above
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In an open economy, the quantity supplied of bikes in the domestic market is ________.
A. 100,000 B. 80,000 C. 20,000 D. 50,000
Economics