If the number of people unemployed is 100, the number of people employed is 1000, and the working-age population is 1400, then the unemployment rate is
A) 6.6 percent.
B) 10 percent.
C) 9.1 percent.
D) 7.1 percent.
C
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Answer the following statements true (T) or false (F)
1. In the extraction of a nonrenewable resource such as coal, the mining firm faces "user costs" which refer to the cost of digging out the coal, running the mine, and transporting the coal. 2. If resource extraction companies can benefit from both present and future extraction, they will limit current extraction to only those units which are more profitable to extract in the present rather than in the future. 3. Definition of property rights is a key component to proper conservation of resources. 4. In the case of conflict diamonds, the strict enforcement of property rights has lead to too fast of a rate of extraction. 5. The price of harvesting a renewable resource does not affect when or how much of a renewable resource will be harvested.
If the poverty rate increases because of a general decline in the economic standing of lower income people, the rational criminal model would predict
A. reduced social worker caseloads. B. have no effect on crime. C. increased crime. D. decreased crime.