The difference between the pretax and posttax return to an economic activity is known as the

Assume foreign beer is a normal good. If the incomes of demanders decreases,

A) the demand for foreign beer will increase. B) the quantity supplied of foreign beer will increase. C) the market output of foreign beer will increase. D) all of the above will occur. E) none of the above will occur.

Satchel loses his job and immediately begins looking for another. Other things the same, the unemployment rate

a. increases, and the labor-force participation rate decreases. b. and the labor-force participation rate both increase. c. increases, and the labor-force participation rate is unaffected. d. is unaffected, and the labor-force participation rate decreases.