The adult population of a country is 50 million. 35 million form part of its labor force. The labor-force participation rate in this country is _____
a. 50%
b. 30%
c. 70%
d. 35%
c
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Which of the following statements is true of the U.S. economy in 2014, as per the records of the BLS?
A) Number of unemployed workers > number of adults out of the workforce > number of employed workers B) Number of employed workers > number of adults out of the workforce > number of unemployed workers C) Number of unemployed workers > number of employed workers > number of adults out of the labor force D) Number of employed workers > number of unemployed workers > number of adults out of the labor force
Russia chose a slow approach to creating a private economy and China chose a fast approach
Indicate whether the statement is true or false
Describe what will happen to an economy in which the money supply consists of gold coins when a major new source of cheap gold is discovered
Economic regulation consists of government measures designed to improve health and safety, such as control over unsafe working conditions and dangerous products
Indicate whether the statement is true or false