If the number of unemployed equals 10,000, the number of employed equals 70,000, and the number not in the labor force is 20,000, the labor-force participation rate is
A. 60%.
B. 70%.
C. 80%.
D. 90%.
Answer: C
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A) changing your own oil B) washing your clothes C) getting your fruits and vegetables from the farmers' market D) studying for your economics exam
Imports are goods and services that are produced:
A. in other countries and consumed domestically. B. domestically and consumed in other countries. C. and consumed in other countries. D. and consumed domestically.
What was a secondary objective of the Bretton Woods system?
a. help defeat communism and promote peace b. strengthen the concept of trade reciprocity c. reinstate isolationist policy for the U.S. d. establish the U.S. as economic hegemon
Suppose that the Fed undertakes an open market sale, selling $1 million worth of securities to a bank. If the required reserve ratio is 8%, checkable deposits (or the money supply), would _______________ by ________________ million, assuming that there are no cash leakages and that banks hold zero excess reserves
A) rise; $12.5 B) decline; $8 C) decline; $12.5 D) rise; $8