In the economy of Iota, 9 people have jobs, 1 person is not working but is searching for work, and 10 people don't work and don't seek work. The unemployment rate is
A) 10 percent.
B) 25 percent.
C) 33 percent.
D) 50 percent.
E) none of the above.
A
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Answer the following statement true (T) or false (F)
One World View article is titled "Comparative Macro Performance." According to the text, of the six countries listed, ________ experienced the fastest growth in real GDP.
A. The United Kingdom B. Canada C. Japan D. The United States
________ are the things that are used to produce items that satisfy people's wants
A) Concepts B) Production possibilities curves C) Resources D) Costs
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Indicate whether the statement is true or false