Consider an economy made up of 100 people sixteen years of age and older, 60 of whom hold jobs, 10 of whom are looking for work, and 15 of whom are retired. The number of people in the labor force is _____

When a nation's currency appreciates, it purchases ___ units of a foreign currency and its currency is said to__

a. fewer; strengthen b. more; strengthen c. fewer; weaken d. more; weaken

Which of the following is an example of moral hazard?

A) I hire you to work in my garden for a fixed fee, and you work hard all day. B) I hire you to work at an hourly rate and you work as slowly as possible. C) You apply for the job only because I pay a fixed wage per day, no matter how much or little you do. D) You agree to be paid by the weed to work in my garden, and then don't work hard.