If the employment-population ratio in 2015 was at the same level as it was in 2006,
A) the same number of people would have been working in 2015 as were working in 2006.
B) the number of employed people in 2015 would not have been different.
C) an additional 8 million people would have been working in 2015 than actually were.
D) 3.5 million fewer people would have been working in 2015 than actually were.
C
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The price of a cowboy hat is $100. Willie can produce a hat at a marginal cost of $130, Waylon can produce at a marginal cost of $100, and Merle can produce at a marginal cost of $85. Which of the following statements is correct?
A) The sum of producer surplus is $15. B) All three of these sellers will gain producer surplus from selling a hat. C) The sum of producer surplus is $30. D) Willie's producer surplus is $30. E) The sum of producer surplus is $45.
What was the Bretton Woods agreement about? Why did it break down? Briefly explain
What will be an ideal response?
Unemployment that arises as a result of the time it takes for unemployed people to locate a job utilizing their transferable skills is called __________ unemployment
A) structural B) cyclical C) natural D) frictional
Which of the following is the main problem with the barter system of exchange?
A. It encourages self-interest B. It fosters the division of labor C. It requires a coincidence of wants D. It undermines the right to bequeath