If N is the working-age population, Q is the labor force, and U is the number of unemployed, then the unemployment rate is measured as

A) U/N
B) U/Q
C) U/(N-Q)
D) Q/N

B

Economics

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All of the following are examples of residential investment spending except

A) the purchase of a new apartment building by a property management company. B) Sandra purchases her childhood home from her parents. C) the purchase of a new home by the MacGregor family. D) Tobias purchases a new duplex and plans to live in one half and rent the other half to his brother Dorian.

Economics

In the small country of Talisman, the liquor industry is monopolized by a single producer Best Drinks Inc Best Drinks charges high end customers like 5-star hotels a much higher price than it charges local pubs. Identify the correct statement from the following

a. Best Drinks is aware of the variations in the valuation of its products by different consumer segments. b. Best Drinks minimizes cost by charging different consumers different prices. c. Charging different prices for different consumers increases consumer surplus. d. Best Drinks charges different prices because its sole objective is sales maximization.

Economics