Joe's income is $500, the price of food (F) is $2 per unit, and the price of shelter (S) is $100. Which of the following represents his budget constraint?

The phenomenon of underutilization of labor during a recession is called

A) labor stockpiling. B) investing in human capital. C) labor force stabilization. D) labor hoarding.

Political leaders are always aiming for an optimal combination of efficiency and equality

a. True b. False Indicate whether the statement is true or false