Once a country has lost its comparative advantage in producing a good, its income will be ________ and its economy will be ________ if it switches from producing the good to importing it
A) higher; less efficient B) lower; less efficient
C) higher; more efficient D) lower; more efficient
C
Economics
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The labor force participation rate is percentage of the ________ who are in the labor force
A) people under age 65 B) working-age population C) people over age 16 D) population
Economics
On average, persons with more education tend to draw Social Security benefits for a
a. longer period of time than average b. shorter period of time than average c. period of time that is comparable to the U.S. average d. longer period of time if they have a master's degree but a shorter period of time if they have a Ph.D.
Economics