If the number employed is 190 million, the working-age population is 230 million, and the number unemployed is 10 million, then the unemployment rate is
A) 5%. B) 5.2%. C) 8%. D) 10%. E) 50%.
A
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In the long-run, a firm in monopolistic competition has
A) a price that exceeds its average total cost. B) a price that exceeds its marginal cost. C) an average total cost that exceeds its price. D) a marginal cost that exceeds its price.
Some early forms of money, like commodity money, did not survive because
A) they were outlawed. B) quality control was difficult. C) people disagreed on which good to use. D) paper quality was poor.
In the real world, it is likely that wage negotiations:
A. drag on for years to see which side is more patient. B. often end with the company enjoying a larger payoff, since they can afford to be more patient. C. often end with the worker's enjoying a larger payoff, since they are not losing as much in profit as the company. D. do not drag on for years.
Foreign portfolio investment is sometimes called hot money because:
A. it can be withdrawn from a country very quickly. B. it is very difficult to trace. C. it is often invested in the assets which yield the highest returns in the world. D. earnings often go untaxed by the home government.