If the labor force is 500 and employment is 450, then the unemployment rate is
A. 100%.
B. 90%.
C. 10%.
D. 0%.
Answer: C
You might also like to view...
This year Gus purchased a used 1972 vehicle from Wee-Rob-U Auto Sales. The dealer paid $500 for it yesterday, and sold it to Gus for $3500. In principle, what happens to GDP?
A) Nothing, because the vehicle was already accounted for in 1972. B) Nothing, because Gus was ripped off. C) It increases by $3000. D) It increases by $3,500. E) It increases by $6,500.
Decisions by depositors to increase their holdings of ________, or of banks to hold ________ will result in a smaller expansion of deposits than the simple model predicts
A) deposits; required reserves B) deposits; excess reserves C) currency; required reserves D) currency; excess reserves
An example of the law of variable input proportions can be found in
A. the law of increasing returns to scale. B. the law of diminishing marginal returns. C. the law of large numbers. D. the law of demand.
If View Your World, a high-end window manufacturer, has contracted with local carpenters to install their windows in residential homes, this is an example of ________.
A) a market transaction B) forward integration C) outsourcing D) backward integration