The rate of unemployment is calculated as the number of
A. people in the civilian labor force divided by the number of unemployed.
B. unemployed workers divided by the number of employed workers.
C. employed workers divided by the number of unemployed workers.
D. unemployed divided by the number of people in the civilian labor force.
Answer: D
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The Great Depression ________
A) was largely confined to the United States B) was largely confined to European markets C) was largely confined to Asian markets D) was worldwide in scope
The two ways to define poverty are which of the following?
a. relatively and absolutely b. absolutely and definitely c. definitely and conceptually d. definitely and receptively
Which statement is false?
A. Rent is an excellent means of efficiently allocating the use of scarce land. B. Economists dislike the way the price mechanism works because it leads to extremely high rents and interest rates. C. The interest rate is especially important to long-term investment projects. D. The projected long-term corporate profits are important when considering investment projects.
We can use macroeconomic analysis to:
A. learn how to balance a checkbook. B. study the choices made by households. C. understand marginal changes in the macroeconomy. D. understand why economies grow.