If N is the working-age population, Q is the labor force, and U is the number of unemployed, then the participation rate is measured as
A) U/N
B) Q/U
C) Q/N
D) (Q-U)/N
C
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If government bond rates __________, stock prices generally __________
A) fall; rise B) increase; rise C) fall; fall D) None of the above.
A global network that provides knowledge and resources to developing countries is called the:
A. International Resource Fund. B. World Bank. C. World Trade Organization. D. United Nations Development Program.
Which of the following statements is correct?
a. Few economic models incorporate assumptions. b. Different economic models employ different sets of assumptions. c. Good economic models attempt to mimic reality as closely as possible. d. Economic models, to be accepted, must be tested by conducting experiments.
The balance of payments equals:
(a) The difference between household spending and income. (b) The difference between government spending and income. (c) A measure of the economic transactions between Irish residents and the rest of the world. (d) The difference between inflation and unemployment.