Jorge, a computer programmer, was laid off when his firm went out of business. He began to look for work, but was struck by a car and his hands and one leg were broken. He is unable to use the computer to seek jobs, or to go to interviews for jobs. It is now week 5 of 6 weeks in his cast. According to the current rules, Jorge will probably be classified as:

a. employed
b. unemployed
c. out of the labor force
d. unemployable

c

Economics

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Juanita goes to the Hardware Emporium to buy a new circular saw. She is willing to pay $120 for a new saw, but buys one on sale for $85. Juanita's consumer surplus from the purchase is

A) $35. B) $85. C) $120. D) $205.

Economics

A line that represents combinations of two goods that a consumer can purchase with a fixed income and given price for each good is called the:

a. indifference curve. b. demand curve. c. budget line. d. money line.

Economics