Consider an economy made up of 100 people, 50 of whom hold jobs, 10 of whom are looking for work, and 15 of whom are retired. The unemployment rate is approximately

a. 10 percent
b. 12 percent
c. 17 percent
d. 20 percent
e. 25 percent

C

Economics

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Antitrust authorities are least likely to take action against:

A. conglomerate mergers. B. horizontal mergers. C. interlocking directorates. D. price-fixing.

Economics

Devices that set up multiple exchange rates between the currencies of two nations are known as

a. tariff quotas. b. export subsidies. c. exchange controls. d. variable currencies.

Economics