The labor force participation rate (LFPR) equals the number of
A) employed persons divided by the number of unemployed persons.
B) unemployed persons divided by the civilian noninstitutional population.
C) employed persons divided by the civilian labor force.
D) employed persons divided by the civilian noninstitutional population.
E) none of the above
E
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In the United States, there are a number of programs that provide goods and services, such as food, medical care, and housing, to the poor. How could income standards be changed, in light of these programs, to better reflect absolute poverty? a. The income standards should not change because these programs provide goods and services, not money. b. The income standards should be increased, since
it costs money to provide these goods and services. c. The income standards should be increased, because these programs will affect the relative measure of poverty. d. The income standards should be decreased, since program recipients require less income to meet a minimum standard of living.
A country that is limiting imports of a good by requiring a lengthy inspection process is using
A. tariffs. B. non-tariff regulatory barriers. C. quotas. D. buy "American advertising."
Fiscal policy is:
A. easy to enact but slow to affect the economy. B. difficult to enact but quick to affect the economy. C. easy to enact and quick to affect the economy. D. difficult to enact and slow to affect the economy.
Asset demand for money is related to money functioning as a
A. store of value. B. medium of deferred payment. C. unit of accounting. D. medium of exchange.