The size of the labor force depends on the size of the working-age population and the:
A. Participation rate
B. Employment rate
C. Unemployment rate
D. Inflation rate
A. Participation rate
You might also like to view...
Assume a profit maximizing firm's short-run cost is TC = 700 + 60Q. If its demand curve is P = 300 - 15Q, what should it do in the short run?
A) shut down B) continue operating in the short run even though it is losing money C) continue operating because it is earning an economic profit D) Cannot be determined from the above information
Compared to First World countries, developing countries would have _____
a. a higher life expectancy b. higher productivity rates c. lower education levels d. lower birthrates e. a higher rate of private investment
Which of the following is most likely to cause the productivity of labor to increase?
a. higher money wages. b. an increase in the proportion of the workforce that belongs to a labor union. c. a higher rate of investment in human and nonhuman capital. d. more flexible working hours and improved retirement plans.
Based on export ratios, which of the following countries is closest to being a closed economy?
A. Saudi Arabia. B. Samoa. C. Belgium. D. China.