If the number of employed workers in an economy is 4 million, the number of unemployed people in the economy is 2 million, and the number of adults not in the labor force is 1 million, the potential adult workers in the economy is:
A) 2 million. B) 6 million. C) 1 million. D) 7 million.
D
You might also like to view...
Economic theory suggests that if natural resources can be held as private property, then
A) conservation will be nonexistent. B) owners will have an incentive not to abuse them. C) natural resources will be sold off for immediate use. D) people will simply hold them and refuse to make them available.
Neoclassical economists hold that, based on the theory of rational _______________, economic adjustments may happen very quickly.
a. thought b. production c. expectations d. thinking
An increase in the interest rate would result in a(n)
a. shift to the left in the demand curve for loanable funds b. shift to right in the supply curve of loanable funds c. decrease in the quantity demanded of loanable funds d. increase in the present value of assets e. decrease in the quantity supplied of loanable funds
Scarcity is the fundamental problem of the economy
a. True b. False Indicate whether the statement is true or false