The unemployment rate in an economy is 7.5%. The total population of the economy is 250 million and the size of the civilian labor force is 180 million. The number of employed workers in this economy is
A. 174.6 million.
B. 13.5 million.
C. 15.7 million.
D. 166.5 million.
Answer: D
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Which of the following statements is true?
A) Optimizers with the highest opportunity cost of time push up the rental price of apartments with the highest commute time. B) Optimizers with the lowest opportunity cost of time push up the rental price of apartments with the lowest commute time. C) As the rental prices of downtown apartments rise, only workers with the highest opportunity cost of time will be willing to rent them. D) As the rental prices of downtown apartments rise, only workers with the lowest opportunity cost of time will be willing to rent them.
In late 2014 and 2015 the value of the U.S. dollar increased relative to the currencies of most of its major trading partners
This rise in the price of the dollar against the other currencies was ________ for companies that exported to the United States and ________ for U.S. companies that exported to other countries. A) good; good B) bad; bad C) good; bad D) bad; good
Output Total Cost015125233340448558670
Refer to Table 5.5. The firm experiences diminishing returns beginning with the ________ unit.
A. first B. second C. third D. fourth
If the price is $5 and the quantity demanded is 100 units, then at a price of $10, the quantity demanded will be
A) less than or equal to 100 units. B) greater than or equal to 100 units. C) less than or equal to 1000 units. D) equal to 100 units.