In a small country, the adult population equals 500. There are 400 people in the labor force and 300 people are employed. The labor force participation rate equals
A. 75 percent.
B. 80 percent.
C. 60 percent.
D. an undetermined amount given the lack of information.
Answer: B
You might also like to view...
A student has not yet graduated from school but is looking for a job. Is the student considered to be in the labor force? Why or why not?
Suppose the Johnson Corporation releases an earnings report that beats the market's expectations. What does the efficient markets hypothesis predict will happen to Johnson's stock price
Which of the following is not part of Hernando de Soto's The Other Path?
A. Improving infrastructure. B. Reducing taxes. C. Enforcing laws to safeguard private income. D. Encouraging the "underground" economy.
Straker Industries estimated its short-run costs using a U-shaped average variable cost function of the formAVC = a + bQ + cQ2and obtained the following results. Total fixed cost (TFC) at Straker Industries is $1,000. 
The estimated short-run marginal cost function (SMC) at Straker Industries is:
A. SMC = 43.4 ? 5.6Q + 0.6Q2 B. SMC = 43.4 ? 1.4Q + 0.07Q2 C. SMC = 43.4Q ? 5.6Q2 + 0.6Q3 D. SMC = 43.4Q ? 1.4Q2 + 0.07Q3