The unemployment rate is computed by ________
A) dividing labor force by the adult population
B) dividing the number of unemployed by the adult population
C) multiplying the employment ratio by the adult population
D) dividing the labor force by the number of unemployed
E) none of the above
E
Economics
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A good that is always used with another good
a. elasticity of demand b. substitution effect c. law of demand d. complement e. substitute
Economics
If Herbert, the hair stylist, raises the price of his cuts from $13 to $15 and finds the number of cuts falls from 300 to 260, then the demand for Herbert's cuts in this range is:
a. price inelastic. b. price elastic. c. unit elastic. d. cross elastic. e. income inelastic.
Economics