The labour force participation rate is
A) the percentage of the working-age population who are employed.
B) the percentage of the labour force who are employed.
C) the percentage of the labour force who are unemployed or employed.
D) the percentage of the working-age population who are unemployed or employed.
E) none of the above.
D) the percentage of the working-age population who are unemployed or employed.
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The case of production with a single variable input is analogous to
a. changing the use of land, labor, and capital in production by a constant absolute amount. b. a controlled laboratory experiment in which the scientist permits one variable to change at a time. c. changing the use of land, labor, and capital in production by a constant percentage. d. specialization in one particular product by a company.
Sound economic policy is policy that is consistent with
a. good intentions. b. quick action and frequent policy changes until positive results are achieved. c. monetary stability, free trade, and low tax rates. d. saving jobs, protecting domestic industry, and increasing tax revenue.
When consumer spending is broken down into the major categories of goods and services, the largest single category is spending on transportation
a. True b. False Indicate whether the statement is true or false
A decrease in the supply of dollars and a decrease in the demand for Indian rupees
A. decreases the rupee price of dollars. B. does not change the exchange rate between dollars and rupees. C. increases the dollar price of rupee. D. decreases the dollar price of rupee.