If the employment-population ratio in 2015 was at the same level as it was in 2006,
A) the same number of people would have been working in 2015 as were working in 2006.
B) the number of employed people in 2015 would not have been different.
C) an additional 8 million people would have been working in 2015 than actually were.
D) 3.5 million fewer people would have been working in 2015 than actually were.
C
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Why does the return to capital change after trade occurs?
a. There is more labor used per unit of capital in the manufacturing sector. b. There is more capital used per unit of labor in the manufacturing sector. c. There is more labor used per unit of land in the agricultural sector. d. There is more land used per unit of labor in the agricultural sector.
Which of the following is not a form of crowding out?
a. Lower household spending due to higher interest rates b. Lower business spending due to higher interest rates c. Lower net exports due to higher interest rates d. Lower private spending due to higher taxes e. Greater output and employment in the short run