Define a sole proprietorship

In a small country, the adult population equals 10,000. In that country, 8,000 people are in the labor force and 200 people are unemployed. The unemployment rate equals

A) 2.5 percent. B) 2 percent. C) 4 percent. D) an undetermined amount given the lack of information.

Fresh orange juice and frozen orange juice are substitutes in production. The price of fresh orange juice rises. As a result, the equilibrium price of frozen orange juice ________ and the equilibrium quantity ________

A) rises; increases B) rises; decreases C) does not change; decreases D) falls; increases E) falls; decreases