The unemployment rate is defined as:
a. unemployed workers plus discouraged workers, divided by the total population over the age of sixteen.
b. part-time workers plus full-time workers, divided by the total population over the age of sixteen
c. the percentage of the labor force that is unemployed.
d. the percentage of the population over the age of sixteen that is unemployed.
c
You might also like to view...
In a fiduciary monetary system, the value of the money issued by a government is based on
A) the ability to convert it to some asset of value, like silver. B) the gold held in that government's vaults. C) public confidence in that currency's acceptability and predictability of value. D) its being made out of some material with a market value equal to a bill's face value.
The demand for a textbook written by Schwarz and Mobley is Q = 20,000?50P; supply is Q = 2,000 + 100P. Students complain about the high price of textbooks, so a price ceiling is imposed, which unfortunately leads to a shortage of texts. Below what price will shortages occur?
What will be an ideal response?
A corrective tax equal to the external cost imposed on third parties levied on polluters will: a. eliminate all pollution
b. increase the level of pollution. c. force polluters to internalize the external cost resulting from their actions. d. usually have no impact whatsoever on pollution levels, but will generate tax revenue for the government.
International trade is based on the existence of
A) absolute advantage. B) perfect advantage. C) productivity advantage. D) comparative advantage.