The employment/population ratio identifies the proportion of the population age 16 and over that is

a. either looking for work or on layoff waiting to be rehired.
b. employed.
c. in the labor force.
d. unemployed.

B

Economics

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Refer to Table 2-14. Scotland has a comparative advantage in the production of

A) motorcycles. B) guitars. C) both products. D) neither product.

Economics

Suppose there are four firms in an industry. The market shares of the four firms are 5 percent, 20 percent, 35 percent, and 40 percent. The Herfindahl-Hirschman index for that industry is

A) 6,650. B) 3,250. C) 1,250. D) 100.

Economics