Ans: E) the percentage of the working-age population in the labor force.
The labor force participation rate is defined as
A) the percentage of the working-age population that is unemployed.
B) the percentage of the working-age population that is employed.
C) the percentage of the labor force that is employed.
D) the percentage of the labor force that is unemployed.
E) the percentage of the working-age population in the labor force.
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A curved line may have a positive slope or a negative slope, but it cannot have both positive and negative areas of slope
a. True b. False
If the percentage change in the quantity demanded of a good is less than the percentage change in price, price elasticity of demand is:
a. elastic. b. inelastic. c. perfectly inelastic. d. unitary elastic.
The difference in unemployment rates between Europe and the U.S. has been narrowing partly because
a. tax rates in European countries are generally lower. b. economic conditions in Europe and the U.S have been converging. c. European and American labor unions have been coordinating their activities. d. of a change in labor market policies. e. Europe has been making it easier for workers to gain unemployment benefits
Setting a proper price is difficult in a nationalized industry because
a. costs will not be restricted by competitive pressures b. the government will have difficulty purchasing resources c. the government will have difficulty estimating demand for the product d. there is a consumer bias against government-supplied products e. government will not have access to relevant information