The unemployment rate is computed by dividing the _____ by the _____.
Fill in the blank(s) with the appropriate word(s).
number of employed, labor force
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Among the factors that have a negative impact on savings in the United States is the
A) tax system. B) fact that colleges give less in financial aid to students whose families have savings. C) structure of our welfare programs. D) all of the above.
An example of a price shock is ________
A) an increase in wages as a result of higher expected inflation B) the arrival of immigrants seeking employment C) the decline in autonomous spending that results from rising unemployment D) all of the above E) none of the above
When demand elasticity is ____ in absolute value (or ____), an increase in price will result in a(n) ____ in total revenues
a. less than 1; elastic; increase b. more than 1; inelastic; decrease c. less than 1; elastic; decrease d. less than 1; inelastic; increase e. none of the above
Axis Group has a publishing house, operates in the sports gear market, and owns a coffee plantation. A board of directors is responsible for the overall performance of the group. Identify the correct statement from the following
a. The board will be responsible for all decision-making process. b. The board will be in the best position to solve even a minor problem at the coffee plantation. c. The sports gear firm's risk assessment team will also be responsible for assessing market risk for the group's other functional areas. d. Decisions for the publishing house are likely to be taken by the individuals who head it, rather than the board of directors heading the entire group.