Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Suppose the population is 300 million people.Of these, 70 million people are classified as not surveyed, 80 million people as not in the labor
Suppose the population is 300 million people.Of these, 70 million people are classified as "not surveyed, " 80 million people as not in the labor force, and 144 million as employed. What would be the unemployment rate in this example? Select one: O a. 2% O b. 4% O c. 8% O d. 10% O e. 6%How does a real appreciation affect the quantities of imports and exports? Select one: a; a. Imports rise; exports fall. 1;; b. Imports fall; exports rise. :._.i c. Imports fall; exports fall. :._.i d. Imports rise; exports rise. :I_.1 e. Imports rise; exports are unaffected. Former cane cutters in the once thriving sugar industry are now Select one: O a. frictionally unemployed. O b. seasonally unemployed. O c. marginally unemployed. O d. cyclically unemployed. O e. structurally unemployed.In an economy: {1} pieces of paper called yollars are the only thing that buyers give to sellers when they buy goods and services {2} prices are posted in terms of yardsticks (ex: an apple is worth 2 yardsticks) {3} yardsticks disintegrate overnight In this economy, Select one: C) a. the yollar is a medium of exchange and a unit of account 0 b. the yardstick is a unit of account but not a store of value 0 c. the yollar is a unit of account but not a medium of exchange Q d. the yardstick is a medium of exchange but not a unit of account 0 e. the yardstick is a medium of exchange but not a store of value
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started