The majority of American workers are employed in the service sector of the economy
a. True
b. False
Indicate whether the statement is true or false
True
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Refer to Figure 4-5. What is the area that represents consumer surplus after the imposition of the ceiling?
A) A + B + D + F B) A + B + C C) A + B + D + F + G D) A + B+ D
The public's fear of centralized power and distrust of moneyed interests led to the demise of the first two experiments in central banking, otherwise known as
A) the First Bank of the United States and the Second Bank of the United States. B) the First Bank of the United States and the Central Bank of the United States. C) the First Central Bank of the United States and the Second Central Bank of the United States. D) the First Bank of North America and the Second Bank of North America.
Exhibit 16-2 Unemployment categories Category# ofIndividuals Frictional unemployment 20 Structural unemployment 35 Cyclical unemployment 60 Discouraged workers 5 Underemployed workers 10 Fully employed workers410 Population900 Find the BLS's rate of unemployment from the following data: frictional unemployment = 150, structural unemployment = 200, cyclical unemployment = 225, discouraged workers = 25, underemployed workers = 75, fully employed workers = 850, total population = 2,000.
A. 17.5 percent B. 23.3 percent C. 38.3 percent D. 39.3 percent
If the cost of a typical basket of goods in the U.S. is $100 and in France it is 400 euros, and the nominal exchange rate is 2 euro per dollar, what is the real exchange rate?
A. 2.0. B. 1.5. C. 1.0. D. 0.5.