total population of an economy is 175 million, the labor force is 125 million, and the number of employed workers is 117 million. The unemployment rate for this economy is:
A. 3.3 percent
B. 5.8 percent
C. 6.4 percent
D. 7.8 percent
C. 6.4 percent
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Suppose the population of Timmy Town is 1000 people and the working-age population is 800. If 200 of these people are unemployed, the unemployment rate in Timmy Town is
A) 1/4 × 100. B) 1/5 × 100. C) 1/8 × 100. D) 2 percent. E) There is not enough information provided to calculate the unemployment rate.
During the colonial period,
(a) both men and women married on average during their teenage years. (b) women married on average during their teenage years and men during their early 20s. (c) both men and women married on average at ages between 20 and 25. (d) both men and women married on average during their late 20s.
If an individual's labor supply curve is backward bending, then
A) the income effect associated with a higher wage is greater than the substitution effect. B) the substitution effect associated with a higher wage is greater than the income effect. C) the substitution effect associated with a higher wage encourages more leisure. D) A and C E) B and C
Which of the following countries experienced substantial inflows of foreign investment capital, with bank lending increasing by 20 percent to 30 percent per year through the mid-1990s?
a. Argentina b. Brazil c. Russia d. Malaysia