The unemployment rate equals the number of
A) unemployed workers multiplied by 100.
B) unemployed workers divided by the population then multiplied by 100.
C) unemployed workers divided by the number of employed workers then multiplied by 100.
D) unemployed workers divided by the labor force then multiplied by 100.
D
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Investment banks in the U.S. are
A) regular banks specializing in investment projects. B) not banks at all but institutions which specialize in underwriting sales of stocks and bonds. C) special arm of the U.S. government for U.S. banks operating outside the U.S. D) regular banks specializing in investment projects, but allowed to offer limited domestic transactions. E) international banks that are heavily invest in the U.S.
A hedge is
A) a financial strategy that reduces the change of suffering losses arising from foreign exchange risk. B) an exchange rate arrangement in which a country pegs the value of its currency to the exchange value. C) the possibility that changes in the value of a nation's currency will result in variations in the market value of assets. D) active management of a floating exchange rate on the part of a country's government.
What is a Giffen good?
What will be an ideal response?
Answer the following statements true (T) or false (F)
1. In 2011, food workers had a much higher unionization rate than teachers. 2. Union membership among workers in America has been declining since the 1950's. 3. Right-to-work laws in some states prohibit the closed-shop and agency-shop union setups. 4. A labor union may engage in a lockout if the collective bargaining process breaks down. 5. One clear effect of labor unions is an increase in the wage rates of their members.