What impact would including members of the military in employment, labor force, and working-age population statistics have on the unemployment rate and the labor force participation rate?
A) Including the military would reduce both the unemployment rate and the labor force participation rate.
B) Including members of the military would reduce the unemployment rate and increase the labor force participation rate.
C) Including the military would increase both the unemployment rate and the labor force participation rate.
D) Including members of the military would increase the unemployment rate and reduce the labor force participation rate.
B
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A 10 percent increase in price leads to a 20 percent decrease in the quantity demanded. The price elasticity of demand is equal to
A) 0.5. B) 1.0. C) 2.0. D) 20.0. E) 10.0.
Refer to Table 1-1. What is Lydia's marginal cost if she decides to stay open for an extra two hours instead of one hour?
A) $10 B) $20 C) $25 D) $40
Absolute advantage
What will be an ideal response?
The rationale for exchange rates determining AD is with
A. weaker dollar exports, AD will rise. B. stronger dollar exports, AD will rise C. stronger dollar imports, AD will rise. D. weaker dollar imports, AD will rise.