When a minimum-wage law forces the wage to remain above the level that balances supply and demand, the result is a ()
A. shortage of labor and a shortage of jobs.
B. shortage of labor and a surplus of jobs.
C. surplus of labor and a shortage of jobs.
D. surplus of labor and a surplus of jobs.
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Who is included in the labor force by the Bureau of Labor Statistics?()
Azibo, homemaker not looking for other work
B. Kwamie, full-time student not looking for work
C. Geroy, who does not have a job, but is looking for work
D. None of the other three is correct.
According to the rule of 70, if the interest rate is 10 percent, about how long will it take for the value of a savings account to double?()
A. about 6.3 years
B. about 7 years
C. about 7.7 years
D. about 10 years
When opening a print shop you need to buy printers, computers, furniture, and similar items. Economists call these expenditures()
A. capital investment.
B. investment in human capital.
C. business consumption expenditures.
D. personal saving.
Measuring unemployment is the job of the()
A. Congressional Budget Office.
B. Department of Commerce.
Council of Economic Advisers.
D. Bureau of Labor Statistics.
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