In a country with a working-age population of 22 million, 16 million are employed, 2 million are and 1 million of the employed are working part-time, half of whom wish to work full-time. The employment-to-population ratio is
A) 65 percent.
B) 57.5 percent.
C) 72.7 percent.
D) 75.5 percent.
E) none of the above.
C) 72.7 percent.
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Which union recently agreed to a 3-year wage freeze and the loss of 3,000 jobs in exchange for plant upgrades and limited imports?
A. The United Steel Workers B. The United Automobile and Aerospace Workers C. The International Association of Machinists and Aerospace Workers D. The International Brotherhood of Electrical Workers
Examination of data since 1953 indicates that during this period stretching more than half a century, the Phillips curve
A. slopes smoothly upward at first but then slopes smoothly downward. B. is smoothly upward sloping. C. is smoothly downward sloping. D. fails to exist.
If the price of a good rises by 10% and the percentage decrease in the total amount consumers spend on the good is 10%, then the good is
A. unit elastic. B. inelastic. C. elastic. D. perfectly inelastic.