the labor force participation rate is calculated by the percentage of the? working-age population that is in the labor force or
What will be an ideal response?
(Labor force /Working - age population ) x100
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The CPI is a measure of the
A) percentage change in the price level. B) average prices of all goods. C) average prices paid by consumers for a fixed basket of goods and services. D) average prices of all goods and services produced. E) average change in the output of the goods and services purchased by a typical urban consumer.
A decrease in the price level will lead to
A) a decrease in the real interest rate and an increase in net exports. B) an increase in the real interest rate and an increase in net exports. C) a decrease in the real interest rate and a decrease in net exports. D) an increase in the real interest rate and a decrease in net exports.
Trade agreements are reciprocal in the sense that: a. workers and firms suffer because of international trade
b. a rise in the prices of imports in one country leads to a decrease in the prices of imports in other countries. c. when a country opens its domestic markets to imports, markets in other nations are opened to its exports. d. when small companies in one country sell to larger markets in other countries, they gain economies of scale.
Refer to the information provided in Table 33.2 below to answer the question(s) that follow.
Table 33.2
Refer to Table 33.2. In China, the opportunity cost of
A. a tractor is 10 motorcycles. B. a motorcycle is 10 tractors. C. a motorcycle is 1/30 of a tractor. D. a tractor is 1 motorcycle.