The labor force participation rate is equal to
A) (labor force ÷ population) × 100.
B) (labor force ÷ working-age population) × 100.
C) (number of employed workers ÷ labor force) × 100.
D) (number of employed workers ÷ working-age population) × 100.
E) (number of employed workers ÷ population) × 100.
B
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The ________ is the number of unemployed divided by the labor force and the ________ is the labor force divided by the adult population
A) unemployment rate; employment rate B) unemployment rate; employment ratio C) unemployment ratio; participation rate D) discouraged worker ratio; employment rate
When isoquants get progressively further apart there is
a. increasing returns to scale b. decreasing returns to scale c. constant returns to scale
Which of the following are NOT characteristics of a competitive market?
A) There is freedom of entry and exit. B) There are zero transaction costs. C) There are only one or two sellers. D) Buyers and sellers have complete information.
Why are horizontal mergers more likely to be opposed than vertical and conglomerate mergers?
What will be an ideal response?