In a country with 200 million people aged 16 years and older, 120 million are in the labor force, and 114 million are employed, what is the participation rate?
A. 40 percent
B. 95 percent
C. 57 percent
D. 60 percent
Answer: D
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The table below shows data regarding Germany's labor market
Year Labor Force (millions) Number of Employed (millions) Population (millions) 2006 43.7 39.01 82.3 2007 43.7 39.06 82.2 2008 43.6 39.8 82.1 The data show that Germany's unemployment rate between 2007 and 2008 A) increased. B) decreased C) stayed the same. D) cannot be determined because the population decreased.
Which statement about the Federal Reserve Board of Governors is true?
a. The members of the Board of Governors are appointed every four years. b. The chair of the Board of Governors is usually a career politician. c. Members are appointed by the president with Senate approval. d. Members are democratically selected by the 12 banks that make up the Fed.
Which of the following is TRUE of a perfectly competitive firm and a monopoly in the long run?
A. P = ATC B. P = MC C. P = MR D. MR = MC
A monopolistically competitive industry is characterized by ________ concentration ratios and ________ entry barriers.
A. high; low B. low; low C. low; high D. high; high