If the working-age population increases, then
A) the labour force participation rate will increase.
B) the total number of people aged 15 years and above will increase.
C) the number of people employed will increase.
D) the size of the labour force will increase.
E) the unemployment rate will increase.
B) the total number of people aged 15 years and above will increase.
B) the total number of people aged 15 years and above will increase.
You might also like to view...
One of the results of the strong economic growth in the United States relative to the rest of the world is a
A. U.S. trade surplus. B. U.S. trade deficit. C. growing U.S. net exports. D. trade deficit for U.S. trading partners.
The marginal social cost of producing a good or service is the
A) cost of producing an additional unit borne by the producer. B) cost of producing an additional unit borne by people other than the producer. C) sum of the marginal private cost and the marginal external cost. D) same as marginal external cost. E) sum of the marginal private cost and the marginal external cost minus the marginal social benefit.
The table below shows data regarding Germany's labor market
Year Labor Force (millions) Number of Employed (millions) Population (millions) 2006 43.7 39.01 82.3 2007 43.7 39.06 82.2 2008 43.6 39.8 82.1 The data show that Germany's unemployment rate between 2007 and 2008 A) increased. B) decreased C) stayed the same. D) cannot be determined because the population decreased.
If parking spaces on a college campus are scarce, with quantity demanded during the “peak” hours, from 8 a.m. to 11 a.m., far greater than the number of spaces, an economist would propose as an efficient solution,
A. lowering the parking fees during those hours to compensate students for the longer search time. B. charging the same parking fees during all hours of the school day. C. raising parking fees during the peak hours to encourage some students to schedule classes during other hours when parking fees are lower. D. hiring more security guards to patrol for illegal parkers.