Given the following information, how many people are in the labor force? U.S. population, 250 million; employed, 135 million; unemployed, 5 million; discouraged workers, 4 million; collecting unemployment insurance, 3 million.
What will be an ideal response?
135 million + 5 million = 140 million
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Economists predicted that the price of a depletable natural resource would rise by about 15 percent. Actually the price fell 10 percent. What most likely happened?
A. A government subsidy was removed. B. Extraction costs increased. C. Price controls were suspended. D. An unexpected discovery of reserves was made.
Economies of scale and scope encourage free competition.
Answer the following statement true (T) or false (F)
The growth in the overall level of prices in an economy
What will be an ideal response?
What benefits did an overvalued currency offer a domestic economy in the ISI period? Which sectors were typically harmed by overvalued currencies?
What will be an ideal response?