The unemployment rate measures the percentage of people in the labor force who can't find a job

Refer to the scenario above. Which of the following is likely to happen if the service center has a reputation of trustworthiness?

A) You will trust the mechanic and he will cooperate. B) You will trust the mechanic but he will defect. C) Neither of you will gain from trade. D) Only the mechanic will gain.

Which of the following is true of the labor force participation rate? a. When workers become unemployed, the labor force participation rate declines

b. When the unemployed become discouraged workers, the labor force participation rate declines. c. When workers do not fully use their skills, the labor force participation rate decreases. d. Since the 1950s, the labor force participation rate of women has decreased in the United States. e. The trend toward earlier retirement has increased the labor force participation rate in the United States.