If the adult population of a country is 200 million and its labor force is 140 million, then its labor-force participation rate is 60%
a. True
b. False
Indicate whether the statement is true or false
False
Economics
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When the firm in the figure above maximizes its profit, it earns an economic profit of
A) $3,125. B) $6,250. C) $9,375. D) $5,625. E) None of the above answers are correct because the firm incurs an economic loss.
Economics
The slope of a typical production possibilities curve is:
A) 0. B) vertical. C) positive. D) negative.
Economics