Refer to Table 4.1, which shows Flo's and Rita's individual supply schedules for frozen latte-on-a-stick. Assuming Flo and Rita are the only suppliers in the market, if the market quantity supplied is 3, the price must be

If the population is 300 million, with 70 million under the age of 16 and institutionalized, another 70 million not in the labor force, 10 million unemployed and 150 million employed, the unemployment rate is

A) 23.3 percent. B) 6.7 percent. C) 6.25 percent. D) 26.7 percent.

The invention of parity price ratios was designed to protect farmers' purchasing power. Over the years, these parity price ratios have

a. been fixed at 100 percent b. increased to approximately 125 percent of their initial value set in 1910–1914 c. been increasing at approximately 25 percent per year d. been falling and are less than 50 percent of the 1910–1914 ratio e. been volatile, increasing and decreasing sometimes dramatically, but still averaging approximately 100 percent of 1910–1914 levels, which was the long-run target