Mike has been unemployed for over a year. He hasn't looked for a job in the last three months, but he's just started looking for work again. Because Mike started looking for a new job,
A) the labor force participation rate decreased. B) the unemployment rate increased.
C) the unemployment rate decreased. D) the working-age population increased.
B
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A restriction on the number of people allowed to be medical doctors in the United States would most likely
A) increase doctors' fees. B) decrease the demand for doctors. C) decrease the demand for nurses. D) decrease the number of people who get sick.
The table below shows the number of labor hours required to produce one gallon of wine and one pound of cheese in the United States and France. The United States has an absolute advantage in the production of Labor hours to make:In the United StatesIn France1 gallon of wine4.001.001 pound of cheese1.002.00
A. only cheese. B. both wine and cheese. C. only wine. D. neither wine nor cheese.