What is the participation rate if there are 125 million people in the labor force, 100 million people employed, and 25 million not in the labor force?
A) 83%
B) 80%
C) 75%
D) 67%
A
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What is an overvalued exchange rate? What factors may cause a country's currency to become overvalued?
What will be an ideal response?
In the foreign exchange market, a balance of payments surplus is represented by:
A) excess supply of dollars. B) excess demand for dollars. C) equilibrium in the foreign exchange market. D) none of the above.
Recall the Application about the benefits generated when one country gathers information on global weather to answer the following question(s).Recall the Application. Weather monitoring is:
A. a public good. B. a private good. C. impossible because it requires international cooperation. D. efficiently provided by private markets because it is profitable.
Refer to Exhibit 10-8. The marginal propensity to save (MPS) is
a. 4.00. b. 0.25. c. 0.10. d. 0.90. e. 0.75.