If the number of people unemployed is 100, the number of people employed is 1000, and the working-age population is 1400, then the employment-to-population ratio is
A) 78.6 percent.
B) 75 percent.
C) 71.4 percent.
D) 66.6 percent.
C
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One of the shortcomings of the Solow growth model is that in it the rate of technological change is
A) assumed to be zero. B) assumed to be equal to the population growth rate. C) left unexplained. D) zero unless the saving rate exceeds the depreciation rate.
The marginal physical product of the third unit of labor in Figure 21.1 is
A. 12.0 units per day. B. 13.3 units per day. C. 40.0 units per day. D. 4.0 units per day.
The subjective measure of the physical and mental satisfaction that is anticipated from consumption is called
A. demand. B. supply. C. recognition. D. utility.
In the global recession of 2007-2009, world trade declined because nations closed their markets to trading partners
Indicate whether the statement is true or false