Suppose the population (age 16 and over) of Vietnam is 100 million; 5 million are unemployed, and 40 million hold jobs. The labor force participation rate in Vietnam is
a. 10 percent.
b. 45 percent.
c. 50 percent.
d. 90 percent.
B
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Compared to Treasury bills, commercial paper
A) has no default risk. B) does not have much of a secondary market. C) has a lower yield. D) sells at a higher price for.
Why do firms tend to experience decreasing returns to scale at high levels of output?
A) Firms face more problems with coordinating tasks and communications among managers and workers at very high levels of output. B) Government tax policy tends to discourage large-scale production operations. C) Firms face fewer problems with inventory management and marketing as output reaches very high levels. D) Firms tend to use more capital and less labor at higher levels of output.
Which of the following is a barrier to economic growth in many developing nations?
A) the shortage of labor B) the lack of natural resources C) the lack of economic freedom D) the low level of restrictions in the labor market
Enforcement of property rights is likely to result in: a. more incentives to invest
b. lower rates of economic growth. c. political instability. d. corruption.