Suppose that some country had an adult population of about 50 million, a labor-force participation rate of 60 percent, and an unemployment rate of 5 percent. How many people were employed?
a. 1.5 million
b. 28.5 million
c. 30 million
d. 47.5 million
b
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The figure above shows a firm in a perfectly competitive market. If the price rises from P3 to P4 then output will increase by
A) 0 units. B) 1 unit. C) 2 units. D) 3 units.
When did the UK decide to adopt the Euro?
A) 1999 B) 2001 C) 2008 D) The UK has not adopted the Euro. E) 2010
Which of the following could cause the market demand curve for hot dogs to shift to the left?
a. an increase in the price of hot dogs b. a decrease in the price of hamburgers c. an increase in the size of the population d. an increase in the price of hot dog buns or rolls e. an increase in the price of mustard
One of the major purposes of reserve requirements is to provide:
a. Sources of foreign exchange. b. Sources of foreign investment funds. c. Cash flow for business firms. d. Monetary authorities with a means of regulating the lending ability of banks. e. Banks with the means to make loans.