In an economy with 4,000 unemployed people and 8,000 employed people, the unemployment rate is
a. 50.0 percent
b. 40.0 percent
c. 33.3 percent
d. 60.0 percent
e. 25.0 percent
C
You might also like to view...
If you invest in a foreign company by buying 8 percent of its shares of stock, you have engaged in
A) moral hazard. B) foreign direct investment. C) portfolio investment. D) adverse selection.
In general, who will benefit as the result of a tariff? I. Domestic producers II. Domestic consumers III. The domestic government
A) I only B) II only C) both I and III D) both II and III E) All of the above are correct.
The rational-ignorance effect is a result of
What will be an ideal response?
As the U.S. price level decreases, expenditures by which of the following will increase?
A. Businesses B. Consumers C. The rest of the world D. All of these will increase their expenditures.