An economy operating its plant and equipment at full capacity implies a capacity utilization rate of
A. 40 percent.
B. 70 percent.
C. 85 percent.
D. 100 percent.
C. 85 percent.
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In the United States for people age 16 to 24, the typical woman earns about ________ of what the typical man earns
A) 90% B) 80% C) 70% D) 50%
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
The United States' balance of payments is likely to improve when
A) there is an increase in political instability in other countries. B) the inflation rate in the United States rises relative to other countries. C) the American government increases its spending on foreign aid. D) American people want to invest more in foreign countries.
First, briefly explain what the user cost or rental cost of capital represents. Second, explain what factors would cause an increase in the user cost or rental cost of capital
What will be an ideal response?