The unemployment rate is the percentage of people in the labor force who are both able to and looking for work but who cannot find jobs.
Answer the following statement true (T) or false (F)
True
See the definition in the textbook.
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Technological advances have resulted in lower prices for digital cameras. What is the impact of this on the market for traditional (non-digital) cameras?
A) The demand curve for traditional cameras shifts to the right. B) The demand curve for traditional cameras shifts to the left. C) The supply curve for traditional cameras shifts to the left. D) The supply curve for traditional cameras shifts to the right.
The dollar return on a foreign investment is less than the interest rate on the foreign asset, if the foreign currency depreciates against the U.S. dollar between the purchase date and the maturity date
a. True b. False Indicate whether the statement is true or false
Which of the following is an example of perfect competition?
A.) One large firm supplies the entire product to the market. B.) Two firms supply the entire market and compete with each other for customers. C.) Many small firms all produce the same good. D.) Many firms supply similar products, but each has significant brand loyalty.
If the CPI increases from 110 to 125 for one year, the rate of inflation for that year is
A. 1.13 percent. B. 13.6 percent. C. 15 percent. D. 50 percent.