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37. Suppose that a country has an unemployment rate of 5%, along with an adult population of 40 million people. 10 million people are not
37. Suppose that a country has an unemployment rate of 5%, along with an adult population of 40 million people. 10 million people are not in the labour force. How many people are considered unemployed? (A) 1.5 million. (B) 3 million. (C) 4 million. (D) 14 million. 38. Why is the Canadian dollar not considered to be 'money,' properly defined? (A) It is not a medium of exchange. (B) It is not a unit of account. (C) It is not a store of value. (D) All of the above. 39. In 1976, Pablo Escabor formed the Medellin Cartel in Colombia. This organization controlled the production and distribution of cocaine in North America. What effect did this have on the market for cocaine? (A) Demand shifted right. (B) Demand shifted left. (C) Supply shifted right. (D) Supply shifted left
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