In a country with 200 million people aged 16 years and older, 120 million are in the labor force, and 114 million are employed, what is the participation rate?

What three factors that were critical to economic prosperity did Adam Smith observe, and later publish in The Wealth of Nations?

What will be an ideal response?

Suppose a wallet firm has been dumping its wastes into the local river. The government finds out and insists that the firm pay for the cost of the river cleanup. As a result, we can expect:

a. more wallets to be produced at a lower price. b. more wallets to be produced at a higher price. c. fewer wallets to be produced at a lower price. d. fewer wallets to be produced at a higher price. e. the same number of wallets to be produced at a higher price.