Refer to the information provided in Table 22.3 below to answer the question(s) that follow. Table 22.3
Refer to Table 22.3. The labor-force participation rate is approximately
A. 12%.
B. 56%.
C. 80%.
D. 95%.
Answer: B
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Refer to the figure below. There would be an excess supply of 25 at a price of ________. 
A. $35 B. $20 C. $45 D. $50
The supply and demand mechanism will bring an international market into equilibrium a. at a price below the domestic price in an exporting country
b. where domestic supplies are less than domestic demand in an exporting country. c. with an exporting nation's price higher than the importing nation's price. d. when the quantity of exports supplied by the exporters beyond their domestic consumption is equal to the quantity of imports demanded by the importers.
Ecuador has a comparative advantage in the production of bananas over the United States. Which of the following statements is true?
(A) Ecuador can produce bananas at a lower opportunity cost than the United States. (B) Ecuador also has an absolute advantage in the production of bananas. (C) The United States has an absolute advantage in the production of bananas. (D) The United States cannot produce bananas.
According to the above figure, equilibrium is at point
A. C. B. D. C. E. D. B.