An example of a capability considered in the capabilities approach would be:
A. earning a livable wage.
B. living free of the fear of violence
C. being able to afford a nice home.
D. to have the ability to purchase an item you really want.
B. living free of the fear of violence
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The adult population in the town of Shelbyville is 150 thousand. If 100 thousand people are employed and 20 thousand are unemployed, then the labor force participation rate is approximately
a. 67%. b. 80%. c. 16%. d. 13%.
The ability to produce a good at a lower opportunity cost than others is called a(n) __________ advantage
A) complementary B) comparative C) natural D) indigenous
The unemployment resulting from wage rigidity and job rationing is called:
A. the natural rate of unemployment. B. the discouraged-worker effect. C. structural unemployment. D. insiders versus outsiders.
(Ref 3-3 Table: Coffee and Salmon Production Possibilities II) Use Table: Coffee and Salmon Production Possibilities II. This table shows the maximum amounts of coffee and salmon, both measured in pounds, that Brazil and Alaska can produce if they just produce one good. Brazil has a comparative advantage in producing:
A. both coffee and salmon.
B. neither coffee nor salmon
C. salmon only.
D. coffee only.