The number of people over age 16 in an economy willing and able to work, is known as the:

A. labor force.
B. unemployment rate.
C. employment force.
D. labor force participation rate.


Answer: A

Economics

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Use the figure below to answer the following question. Which graph shows the immediate period for supply?

A. graph 1 B. graph 2 C. graph 3 D. graph 4

Economics

Fifteen years ago, China _________________ with the countries of Europe. Today, China ______________________ most European countries

A) traded a great deal; is not a trading partner with B) traded a great deal; is rarely a trading partner for C) did not trade much; is one of the top five trading partners for D) did not trade much; is rarely a trading partner for

Economics

Which of the following scenarios shows a benefit of international trade?

a. Edie was able to buy durian from Thailand at a fruit stand in New York City year round. b. The latest film in a superhero series was the top box office draw in the country last week. c. After the knitting factory closed, the building was converted into modern loft apartments. d. Preeti earned about a third of what her U.S. counterpart earned per hour for the same work.

Economics

Output decreases when aggregate expenditures ______.

a. increase b. decrease c. stagnate d. destabilize

Economics