If the population older than 16 years of age equals 150 million, the labor force equals 110 million, and the total number of persons employed equals 98 million, then the unemployment rate is:
a. 8 percent

b. 38 percent.
c. 10.9 percent.
d. 28 percent.

c

Economics

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The costs of the process of bargaining to reach a mutually satisfactory agreement are called negotiation costs

Indicate whether the statement is true or false

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Refer to the scenario above. Jack will derive ________ units of utility if Jill tries to move the tree while he does not try at all

A) 5 B) -5 C) -2 D) 10

Economics