Suppose that in some state the civilian, non-institutionalized adult population is 4 million, the labor force participation rate is 75%, and 250,000 people are unemployed. What is the unemployment rate (to the nearest tenth)?

As productive capital goods are established in developing nations

A) developed nations will become less prosperous. B) these countries will experience higher rates of economic growth. C) portfolio investment will be replaced by loans from international aid agencies. D) they will be less likely to engage in international trade.

The table above gives the demand schedule for peas. Between point C and point D, the price elasticity of demand is

A) elastic. B) unit elastic. C) 0.75. D) 3.00.