The labor force participation rate is defined as
A) the ratio of employment to the labor force
B) the ratio of the working-age population to the total population
C) the ratio of employment to the total population
D) the ratio of the labor force to the civilian, non-institutionalized, working-age population
E) the number of hours worked per week divided by 40
Correct Answer:
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Q2: When the unemployment rate is below the
Q3: The rate of unemployment will be higher
Q4: The most accurate measurement of unemployment
A) is
Q5: The replacement ratio is defined as
A) The
Q6: If firms seek an average markup of
Q7: Which of the following would not give
Q8: The marginal product of labour is defined
Q9: Which of the following is the least
Q10: If a firm's marginal product of labor
Q11: Increases in labor productivity from improved technology
A)
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