The labor-force participation rate of a country is 50%, and the adult population is 150 million. If 30 million people in this country are employed, _____ people are unemployed
a. 50 million
b. 120 million
c. 45 million
d. 60 million
c
Economics
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As inflation increases, for any fixed nominal interest rate, the real interest rate:
A. decreases. B. decreases by less than the increase in inflation. C. remains the same, that's why it is real. D. also increases.
Economics
What is the term for giving up one choice for another opportunity?
a. choice cost b. opportunity cost c. direct cost d. implicit cost e. explicit cost
Economics
Which of the following is a source of government failure but is not typically an example of market failure?
A. Waste. B. Inequity. C. Monopoly. D. Externalities.
Economics
If the price of a typical good falls, the quantity demanded for that good will
A. automatically increase to infinity. B. remain the same. C. decrease. D. increase.
Economics