The adult population of a country is 60 million. Of these adults, 20 million are employed and 30 million are unemployed. Therefore, the labor force of the country is _____
a. 40 million
b. 30 million
c. 50 million
d. 60 million
c
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In fall 2009, the population of the United States was 301 million, the working-age population was 235.7 million, the total number of people employed and unemployed was 154.9 million, and the total number of unemployed people was 14.7 million
What is the unemployment rate? A) 51 percent B) 6.2 percent C) 4.9 percent D) 9.5 percent E) 4.6 percent
Elasticity of demand equals the ratio of the percentage change in the price of a good to the percentage change in the quantity demanded.
Answer the following statement true (T) or false (F)
Refer to Figure 7.1. At what level of output are average total cost, average cost, average fixed cost and marginal cost increasing?
A) Q2 B) Q3 C) Q4 D) Q5 E) none of the above
Banks act as financial intermediaries by: a. bringing together car buyers and auto dealers
b. bringing together real estate brokers and home buyers. c. printing money for all to use. d. serving the credit needs of borrowers and the security needs of savers. e. selling shares of stock to investors.