If in a certain year the indices of prices received and paid by farmers were 115 and 142 respectively, the parity ratio (in percentage terms) would be:

The official unemployment rate may not reflect the true state of unemployment because: a. Some workers may go through the motions of looking for work to keep their unemployment benefits, but not actually be looking for work. b. Some people who are working in the underground economy may be classified as unemployed

c. Some may leave the labor force and go back to school only because job conditions are currently poor. d. all of the above.

Figure 34-7 ? In Figure 34-7, AB represents the production possibilities of Pestoland and CD that of Pastaland. Pestoland has a comparative advantage in pasta because it

A. gets more pasta from a given decline in pesto than Pastaland does. B. gets more pesto from a given decrease in pasta production. C. can produce more pasta than Pastaland. D. can produce more pasta and pesto than Pastaland.