The labor force participation rate is calculated as the
A) labor force divided by the number of persons employed then multiplied by 100.
B) number of persons unemployed divided by the labor force then multiplied by 100.
C) labor force divided by the unemployment rate then multiplied by 100.
D) labor force divided by the working age population then multiplied by 100.
D
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Being a price taker, a perfectly competitive firm cannot receive a producer surplus in the short run
Indicate whether the statement is true or false
Which pair of goods is likely to have the largest positive cross-price elasticity?
A. Peanut butter and jelly B. Butter and margarine C. Ramen noodles and a Rolex watch D. Cross-price elasticity is always negative, and simply reported in absolute value.
The proposed takeover of Tony's Airlines by Plummet Airlines will result in increased profits for Plummet and increased air fares for consumers. This is an example of
a. widespread distribution of benefits and costs b. concentrated distribution of costs and benefits c. concentrated distribution of benefits and widespread distribution of costs d. concentrated distribution of costs and widespread distribution of benefits e. logrolling
Based on the table below and the principle of diminishing returns to capital, then total packages wrapped when a fourth machine is installed must be less than ________ packages. Number of (Identical) MachinesTotal Packages Wrapped110,000213,000315,000
A. 2,000 B. 16,000 C. 15,000 D. 17,000