In an economy with 200 million people, 140 million hold civilian jobs and 9 million are not working but are looking for jobs. The unemployment rate is
a. 6.4%
b. 6.0%.
c. 9.2%.
d. 27.4%.
e. 4.5%
Answer: d. 27.4%.
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Which of the following factors could lead to an upward movement along the demand curve as indicated by the arrow?
i. an increase in the U.S. interest rate ii. a decrease in the U.S. interest rate iii. an increase in the expected future U.S. exchange rate. A) i only B) ii only C) i and iii D) ii and iii E) None of the factors could lead to the upward movement illustrated by the arrow. The figure above shows demand curves for dollars in the foreign exchange market.
Suppose that elementary education creates a positive externality. If the government subsidizes education by an amount equal to the per-unit externality it creates, then
a. the equilibrium quantity of education will equal the socially optimal quantity of education. b. the equilibrium quantity of education will be greater than the socially optimal quantity of education. c. the equilibrium quantity of education will be less than the socially optimal quantity of education. d. There is not enough information to answer the question.
This graph demonstrates the domestic demand and supply for a good, as well as the world price for that good.
According to the graph shown, if this were depicting an autarky economy, the equilibrium price would be:
A. $23 B. $11 C. $45 D. $16
Refer to the above figure. If the market price is equal to A, which statement can be made about economic profits?
A. Economic profits are positive and equal to ABEF.
B. Economic profits are negative and equal to ABQ
0.
C. Economic profits are negative and equal to GCEF.
D. Economic profits are positive and equal to ABCG.