EC201 chapter_7_Quiz Full

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Unformatted text preview: nemployment rate is A) 17.6%. B) 16.7%. C) 14.3%. D) 25.0%. Answer: A Diff: 2 Topic: Unemployment Skill: Analytic AACSB: Analytic Skills 15) Refer to Table 7.1. The labor-force participation rate is A) 75.0%. B) 66.7%. C) 77.8%. D) 80.9%. Answer: D Diff: 2 Topic: Unemployment Skill: Analytic AACSB: Analytic Skills 16) Refer to Table 7.1. The employment rate is A) 85.7%. B) 83.3%. C) 82.4%. D) 75.0%. Answer: C Diff: 2 Topic: Unemployment Skill: Analytic AACSB: Analytic Skills Refer to the information provided in Table 7.2 below to answer the questions that follow. Table 7.2 17) Refer to Table 7.2. The labor force A) equals 150 million. B) equals 130 million. C) equals 170 million D) cannot be determined from this information. Answer: A Diff: 3 Topic: Unemployment Skill: Analytic AACSB: Analytic Skills 18) Refer to Table 7.2. The total number of people unemployed is A) 20 million. B) 13 million. C) 17 million. D) 15 million. Answer: D Diff: 3 Topic: Unemployment Skill: Analytic AACSB: Analytic Skills 19) Refer to Table 7.2. The total number of people employ...
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