The percentage of the people of working age who have jobs is called the ________
A) labor force
B) inverse of the unemployment rate
C) employment-to-population ratio
D) employment-to-working-age-population ratio
C
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The price of furnace filters increased by 5 percent and the quantity demanded did not change. The price elasticity of demand for furnace filters is
A) perfectly inelastic. B) inelastic. C) elastic. D) unit elastic. E) perfectly elastic.
Suppose a one-year discount bond offers to pay $100 in one year and currently sells for $99. Given this information, we know that the interest rate on the bond is
A) 11.1%. B) 10%. C) 5.3%. D) 9.9%.
Suppose that a worker in Country A can make either 10 iPods or 5 tablets each year. Country has 100 workers. Suppose a worker in Country B can make either 2 iPods or 10 tablets each year. Country B has 200 workers. A bundle of goods that Country B could potentially make would be:
A. (300 iPods, 450 tablets). B. (400 iPods, 1 tablet). C. (200 iPods, 1,500 tablets). D. (400 iPods, 2,000 tablets).
It is more efficient for a mini-mill to use the worldwide market for scrap steel than to integrate upstream
Indicate whether the statement is true or false