The employment-population ratio is
a. percentage of the population unemployed
b. percentage of the population employed
c. the same as the unemployment rate
d. always greater than 1
e. percentage of the population employed by the private sector.
B
Economics
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When a firm has little ability to influence market prices it is said to be in
a. a thin market. b. a power market. c. a competitive market. d. a strategic market.
Economics
In the short-run, a fall in demand results in _____ while in the long-run, a fall in demand results in ______
A. an increase in output and prices; a decline in output only B. a fall in prices and an increase in output; no change in output or prices C. a fall in prices only; and fall in output and prices D. a fall in output and prices; a fall in prices only
Economics