Based on the information in the above table, what is the unemployment rate?
What will be an ideal response?
The unemployment rate equals (6 million unemployed ÷ 139 million labor force) × 100 = 4.3 percent.
Economics
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The above figure shows the U.S. market for 1 carat diamonds. Suppose the United States imposes the import quota shown in the figure. With the import quota, how many diamonds can be imported?
A) 500,000 B) 700,000 C) 400,000 D) 900,000 E) 300,000
Economics
Which of the following would be a useful way to increase the saving rate?
A) Tax breaks to increase the real return that savers receive B) Increasing taxes if Ricardian equivalence holds C) Increasing government spending D) Increasing taxes on capital goods
Economics