The labor force participation rate is calculated as the
A) labor force divided by the number of persons employed then multiplied by 100.
B) number of persons unemployed divided by the labor force then multiplied by 100.
C) labor force divided by the unemployment rate then multiplied by 100.
D) labor force divided by the working age population then multiplied by 100.
D
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Harmonization of standards refers to
A) the elimination of tariffs and quotas by trading partners. B) common product safety, environment, labor, and fair competition standards agreed upon by trading partners. C) the acceptance or keeping of a trading partner's standards as valid and sufficient by another trading partner. D) separate standards held by different trading partners which other partners refuse to recognize. E) All of the above.
An unexpected import restriction imposed on mangoes by the USDA
A) will reduce the price of mangoes in the United States. B) will increase the price of mangoes in the United States. C) will discourage American producers of mangoes. D) will reduce the price of mango juice in the United States.