If the non-institutional population over 16 years of age equals 200 million, the number of individuals employed is equal to 60 million and the number of individuals not in the labor force is equal to 120 million, then:
a. The employment rate is equal to 30%, and the unemployment rate cannot be determined.
b. The employment rate is equal to 75%, and the unemployment rate cannot be determined.
c. The employment rate is equal to 30%, and the unemployment rate is equal to 10%.
d. The employment rate is equal to 30%, and the unemployment rate is equal to 25%.
e. The employment rate is equal to 30%, and the unemployment rate is equal to 33.3%.
.D
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Indicate whether the statement is true or false
For a perfect competitor, the marginal revenue curve will be
A) horizontal. B) vertical. C) positively sloped. D) negatively sloped.
To an economist, the four factors of production are
A. Land, labor, capital, and entrepreneurship. B. Labor, workers, profit, and services. C. Entrepreneurship, machinery, workers, and profit. D. None of the choices are correct.
If the U.S. real exchange rate appreciates, U.S. exports to Europe
a. and European exports to the U.S. both rise. b. and European exports to the U.S. both fall. c. rise, and European exports to the U.S. fall. d. fall, and European exports to the U.S. rise.