Improving agriculture's terms of trade involves
a. increasing the amount of goods available to farmers
b. increasing the number of markets in which farmers can sell
c. increasing the amount of credit available to farmers
d. increasing the relative price of agricultural goods compared to manufactured goods
e. none of the above
D
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In calculating the unemployment rate, "discouraged" workers who are not actively seeking employment are:
a. Included b. Used to determine the size of the labor force c. Treated the same as part-time workers d. Excluded
Refer to the information provided in Figure 3.8 below to answer the following question(s).
Figure 3.8Refer to Figure 3.8. Assume that there are only two people in the market for baseball caps: Alex and Ryan. Along the market demand curve for baseball caps, at a price of ________, quantity demanded would be ________.
A. $10; 7 B. $8; 12 C. $10; 11 D. $8; 13