According to the following information, what is the unemployment rate? (Round to the nearest tenth of a percent.) Number of Employed: 10,000 Number of Unemployed: 500 Not in the Labor Force: 3,000
What will be an ideal response?
4.8% (10,000 + 500 = 10,500 500 / 10,500 = 4.8%)
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In July 2008, the Federal Communications Commission approved the merger of satellite radio providers XM Satellite and Sirius Satellite Radio, establishing a single satellite radio company in America. The deal is tough for many to swallow
"We continue to believe that consumers are best served by competition rather than monopolies," said National Association of Broadcasters Vice President Dennis Wharton. What does Wharton argue? A) Producer surplus is greater with competition. B) Total surplus is greater with a monopoly. C) Consumer surplus is greater with competition. D) Prices are lower with a monopoly.
Special interests are likely to have less influence over tax reform _____
a. when the reform is small b. when the reform is comprehensive c. when the reform is at the local level d. when the reform is at the state level
The due process (or takings) clause is found in the
a. Fifth Amendment b. The Declaration of Independence c. The preamble to the U.S. Constitution d. In New Deal legislation e. First amendment
If a process is said to be integrated of order one, or I(1), _____.
A. it is stationary at level B. averages of such processes already satisfy the standard limit theorems C. the first difference of the process is weakly dependent D. it does not have a unit root