Suppose the population (age 16 and over) of New Zealand is 48 million; 4 million are unemployed, and 40 million hold jobs. Indicate the rate of unemployment and the employment/population ratio of New Zealand
a. The unemployment rate is 10 percent, and the employment/population ratio is 75 percent.
b. The unemployment rate is 9.1 percent, and the employment/population ratio is 91.7 percent.
c. The unemployment rate is 10 percent, and the employment/population ratio is 83.3 percent.
d. The unemployment rate is 9.1 percent, and the employment/population ratio is 83.3 percent.
D
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When you buy a corporate bond, you are
A. borrowing funds from the corporation. B. lending funds to the corporation. C. selling an ownership right in the corporation. D. acquiring an ownership right in the corporation. E. b and d
The relationship between quantity supplied and the price of output is such that
A. an increase in quantity will automatically lead to a reduction in price. B. an increase in price will lead to an increase in quantity supplied. C. quantity will decrease as the number of firms increases. D. an increase in price will produce an inward shift in the supply curve.
Refer to the information provided in Figure 2.5 below to answer the question(s) that follow.
Figure 2.5Refer to Figure 2.5. The marginal rate of transformation in moving from Point B to Point A is
A. -2/3. B. -3/4. C. -1.5. D. -20.
Behavioral economics uses insights from both psychology and economics.
Answer the following statement true (T) or false (F)