The farm employment in the United States amounted to about what percentage of the total employment in 2009?
A. Less than 2 percent
B. About 8 percent
C. About 15 percent
D. Close to 20 percent
A. Less than 2 percent
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If the nominal exchange rate were to be expressed as the number of units of domestic currency per unit of foreign currency, and that rate decreases, then the domestic currency has:
A. become overvalued. B. become undervalued. C. appreciated. D. depreciated.
Suppose there are currently 100 people unemployed, 1500 people employed, and 2000 people in the working age population. The labor force participation rate equals 100 times
A) 100/1500. B) 100/1600. C) 1500/2000. D) 1600/2000.
Which of the following is NOT a criticism of international institutions such as the IMF, the World Bank, or the WTO?
A) They lack openness in their decision-making process. B) They violate national sovereignty by imposing unwanted domestic policies. C) They fail to understand the effects of their policies on the vulnerable. D) Their decision making is biased in favor of underdeveloped nations and against the interests of nations already industrialized. E) They ignore potentially large adjustment costs for developing nations of implementing their policies.
Output regulation forces the natural monopolist to produce at an output
A. Where MR = MC. B. That perfectly competitive firms would choose. C. Where MR equals zero. D. Greater than its profit-maximizing choice.