Suppose the population of Timmy Town is 1000 people and the working-age population is 800. If 200 of these people are unemployed, the unemployment rate in Timmy Town is
A) 1/4 × 100.
B) 1/5 × 100.
C) 1/8 × 100.
D) 2 percent.
E) There is not enough information provided to calculate the unemployment rate.
E
Economics
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If, in a perfectly competitive industry, the market price facing a firm is above its average total cost at the output where marginal revenue equals marginal cost, then
A) new firms are attracted to the industry. B) existing firms will exit the industry. C) market supply will remain constant. D) firms are breaking even.
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The likelihood of an individual's vote being significant in a Presidential election is fairly high, especially if they live in a swing state
a. True b. False
Economics