Assuming the total population is 100 million, the civilian labor force is 50 million, and 47 million workers are employed, the unemployment rate is
A. 3%.
B. 7%.
C. 53%.
D. 6%.
Answer: D
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________ is an illegal activity between buyers and sellers sometimes used to evade a price ceiling
A) Increased search activity B) A price floor C) Creating a shortage D) A black market
If a foreign producer sells a good in a country at a lower price than in its home market, this is called
A) a countervailing duty. B) a tariff offset. C) dumping. D) a reverse tariff.
Refer to the above figure. Which panel represents what happens in the U.S. job market in the short-run when U.S. firms substitute labor outside of the U.S. for labor inside the U.S.?
A) Panel A B) Panel B C) Panel C D) Panel D
When bond prices rise,
a. stock prices must fall. b. interest rates must fall. c. interest rates must rise. d. bankruptcies generally increase.