If the number of employed people is 150 million, the number of unemployed people is 50 million, and the working-age population equals 285 million people, the labor force participation rate is

A service like CARFAX, which provides a used car buyer with the complete history of a used car, is profitable because of the problem of asymmetric information

a. True b. False

When we say the cost of living has gone down, we mean that, looking broadly over a range of goods and services:

A. a dollar buys less today than it used to buy. B. a dollar buys more today than it used to buy. C. a dollar buys the same today as it used to buy. D. our income has increased to match the cost of those goods.