The main effect of employment discrimination is
A. Unemployment.
B. Underemployment.
C. Greater efficiency.
D. Greater production.
B. Underemployment.
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Suppose that a worker in Country A can make either 10 iPods or 5 tablets each year. Country A has 100 workers. Suppose a worker in Country B can make either 2 iPods or 10 tablets each year. Country B has 200 workers. A bundle of goods that Country A could potentially make would be:
A. (500 iPods, 500 tablets). B. (500 iPods, 400 tablets). C. (500 iPods, 300 tablets). D. (500 iPods, 200 tablets).
The benefits of specialization can be used to explain why:
A. machines are more productive than human workers. B. individuals and nations benefit from trade. C. big companies take advantage of smaller ones. D. workers prefer to work on a variety of tasks during the day.
The population is 100 million, the labor force is 70 million, and the number of unemployed is 3.5 million. What is the unemployment rate?
A. 3.5 percent B. 10 percent C. 5 percent D. 7 percent
For which of the following would the absolute price elasticity of demand be greatest?
A) salt B) tickets to the Super Bowl C) Dr. Pepper cola D) gasoline