The Bureau of Labor Statistics does not count discouraged workers as unemployed. Suppose discouraged workers were counted as unemployed. Explain how the unemployment rate and the labor force participation rate would change
What will be an ideal response?
Both the unemployment rate and the labor force participation rate would increase. The number of unemployed would rise, as would the labor force. The unemployment rate would rise because adding the same number to the numerator and the denominator of a fraction that is less than one increases the value of the fraction. The labor force participation rate would rise because the labor force increases with no change in the working-age population.
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Use the figure below to answer the following question.
By how much does total Economic Surplus decrease after the tax is imposed?
A. $32 B. $4 C. $38 D. $2
A quota is
A) a government-imposed restriction on the quantity of a specific good that can be imported into a country. B) a tariff imposed on goods that are dumped into the home country. C) a tariff imposed on goods that are subsidized by their domestic governments and exported to other countries. D) a tariff based on the value of the imported good.
The act of buying a commodity in one market at a lower price and selling it in another market at a higher price is known as:
a. buying long. b. selling short. c. a tariff. d. arbitrage.
Depositary receipts traded outside the United States are called ________ depositary receipts.
A) Euro B) Global C) American D) None of the above