Table 6.4: Population and Employment in Nationland?199920002001Working Age Population100110125Employed657080Unemployed51020Discouraged Workers235*all numbers are in millionsIf discouraged workers were included in the labor force, what would the unemployment rate be for 2000?
A. 15.7 percent.
B. 3.8 percent.
C. 4.3 percent.
D. 18.6 percent.
Answer: A
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Refer to the scenario above. If India pegs the exchange rate at 70 rupees per dollar, it will require ________ rupees to repay the loan in dollars
A) 700,000 B) 70 C) 70,000 D) 7,000
What are some of the problems with using the leading indicators to forecast recessions? If you were a policymaker, would you rely on them?
What will be an ideal response?
List the major non-price determinants of demand
What will be an ideal response?
Assume that Germany can produce 10 million bottles of beer or 4 million bottles of vodka. Further assume that Russia can produce 7 million bottles of beer or 3 million bottles of vodka. As a result, which of the following is true with regard to absolute and comparative advantage?
a. Germany has the absolute advantage in beer and the comparative advantage in beer. b. Germany has the absolute advantage in beer and the comparative advantage in vodka. c. Russia has the absolute advantage in beer and the comparative advantage in beer. d. Russia has the absolute advantage in beer and the comparative advantage in vodka.