In an economy, 42 million people are in the labor force, 38 million are employed, and 47 million are of working age. How many people are not in the labor force?
A) 19 percent
B) 9 million
C) 5 million
D) 4 million
C
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The fact that money can be exchanged for goods reflects money's role as a
A) cause of inflation. B) medium of exchange. C) unit of account. D) store of value.
Hong Kong chooses to have ________ and ________ and therefore, cannot have an independent monetary policy at the same time
A) capital control; a fixed exchange rate B) free capital mobility; a fixed exchange rate C) free capital mobility; a flexible exchange rate D) capital control; a flexible exchange rate
Which of the following is not an automatic stabilizer:
a. Personal income taxes. b. Business profits taxes. c. Welfare payments. d. Government spending for new bridges and roads.
Mark can produce 24 footballs or 48 basketballs in 8 hours. Maria can produce 64 basketballs in 8 hours. In order for Maria to have a comparative advantage producing basketballs, the number of footballs she can produce in 8 hours has to be less than _____
Fill in the blank(s) with correct word