Based on the information in the table, what is the unemployment rate?  Population 16 and older1,000,000Participation Rate80%Employed Workers720,000 

A person who is not working and who has looked for work in the past, but is not looking for work now is not considered "unemployed."

Indicate whether the statement is true or false

If a used-car dealer suffers economic losses, then

A) as a group, its customers were necessarily made worse off. B) as a group, its competitors necessarily enjoyed economic profits. C) it must pass its losses onto its future customers. D) none of the above is true.