A survey of 200,000 people finds 76,300 "employed," 6,640 "unemployed," and the remaining 117,060 "not in the labor force." What is the unemployment rate derived from these numbers?

Which statement is false?

A. When two countries trade, both gain from the trade. B. In international trade some countries are winners and others are losers. C. For most of the 20th century we had a positive balance of trade. D. None of these statements are false.

If the price of pork chops falls from $8 to $6, and this leads to an increase in demand for apple sauce from 100 to 140 jars, what is the cross-price elasticity of apple sauce and pork chops at a pork chop price of $6?

A. -1.17 B. 2.71 C. 0.42 D. -0.86