An increase in the discount rate ________ bank reserves and ________ the money supply if banks respond appropriately to the change in the rate

If the working-age population is 20 million and labor force is 13 million, the labor force participation rate is

A) 65 percent. B) 35 percent. C) 153 percent. D) 60 percent. E) impossible to calculate because data on the number of employed workers is needed.

Cost-benefit analysis of international trade

A) is basically useless. B) is empirically intractable. C) focuses attention primarily on conflicts of interest within countries. D) focuses attention on conflicts of interest between countries. E) never leads to government intervention in international trade.