If a city has 3293 unemployed people and 69,884 employed people, then the city's unemployment rate equals
A. 0.45%.
B. 4.3%.
C. 4.5%.
D. 45.0%.
Answer: C
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Which area in the above figure is the deadweight loss if 100 snowboards are produced?
A) A + B + C B) D + E + F C) C + E D) There is no deadweight loss when 100 snowboards are produced.
A firm's employment of labor outside the country in which the firm is located is called
A) featherbedding. B) a lockout. C) outsourcing. D) dumping.
Empirical observations validate that the Gini co-efficient for the U.S. economy was between 0.35 and 0.37 until the 1990s, after which it has increased and reached 0.469 in 2009 . Which of the following can be inferred from this?
a. The distribution of national income in the U.S. has become slightly more equal since the 1990s. b. The government spending on poverty alleviation has increased since 1990. c. More jobs have been created in the U.S. since 1990. d. The distribution of national income in the U.S. has become slightly more unequal since the 1990s. e. The government has replaced the existing regressive tax structure with a progressive tax structure.
Which one of the following transactions would be included in GDP?
a. Ms. Kim pays $50 for a used picture frame at a neighborhood garage sale. b. Mr. Doe donates $500 to his town's junior college scholarship fund. c. Ms. Bartolini pays $500 to fix the front end of her car damaged in a recent accident. d. Ms. Smith pays $5,000 to purchase 100 shares of Microsoft stock (assume no sales commission is made on the exchange).