Suppose there was a country with an adult (age 16 and over) population of 1,000, of which 100 were unemployed and 700 were employed. Which of the following is true?
a. The employment population ratio is 87.5 percent.
b. The labor force participation rate is 70 percent.
c. The unemployment rate is 12.5 percent.
d. There are 700 individuals in this country's labor force.
C
Economics
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In order to ensure that borrowers have an ability to repay residential mortgages, the new consumer protection legislation requires lenders to do all of the following EXCEPT
A) verify the income of the borrower. B) verify the borrower's job status. C) check the credit history of the borrower. D) verify that the borrower can read and understand a loan contract.
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If the price were $5, how much would the firm's output be in the short run?
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