If the labor force participation rate in an economy is 50%, and there are 100 million potential adult workers in the economy, the size of the labor force in the economy will equal:
A) 10 million. B) 2 million. C) 100 million. D) 50 million.
D
Economics
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Refer to Figure 7-1. Under autarky, the producer surplus is area
A) S + T + V + W + X. B) T + W + X. C) V. D) S + V.
Economics
A good measure of the standard of living is
A) total real GDP. B) real GDP per capita. C) total nominal GDP. D) nominal GDP per capita.
Economics
A contractionary policy can be thought of as: a. a decrease in the money supply b. an increase in the money supply c. an increase in the interest rate
d. either (a) or (c).
Economics
Financial instruments used primarily to transfer risk would not include:
A. home mortgages. B. a bank loan. C. options. D. an insurance policy.
Economics