If the labor force of a country is 100 million, of which 80 million are employed, then the number of unemployed people is 30 million
a. True
b. False
Indicate whether the statement is true or false
False
Economics
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If equilibrium is achieved in a competitive market
A) there is no deadweight loss. B) the deadweight loss will equal the sum of consumer surplus and producer surplus. C) the deadweight loss will be the same as the opportunity cost of the last unit of output sold. D) the deadweight loss will be maximized.
Economics
The following are all determinants of income differences examined in the text EXCEPT
A) age. B) marginal productivity. C) inheritance. D) height.
Economics