The unemployment rate is the number of unemployed people
A) divided by the sum of the number of people who are working and the number of people who are looking for work.
B) and the number of people working fewer than their desired number of hours, divided by the number of people who are working or looking for work.
C) divided by the total working-age population.
D) divided by the number of people who are working.
A
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Refer to Figure 15-11. What is the size of the deadweight loss prior to Verizon entering the market and what happens to this deadweight loss after Verizon does enter the market?
A) The deadweight loss of area C+D is converted to consumer surplus B) The total deadweight loss is the area D+F; D is converted to consumer surplus and F to producer surplus. C) The deadweight loss of area D is converted to consumer surplus. D) The deadweight loss of area D is converted to producer surplus.
Examples of discount bonds include
A) U.S. Treasury bills. B) corporate bonds. C) U.S. Treasury notes. D) municipal bonds.