Refer to Table 18.1. The opportunity cost of a hat in Panama is ...

[Wadzanai]

Refer to Table 18.1. The opportunity cost of a hat in Panama is
 
  A) 1/2 of a glove. B) 3/4 of a glove. C) 4/3 gloves. D) 2 gloves.

Question 2

Suppose the U.S. population is 275 million. If 210 million people are of working age, 135 million are employed, and 6 million are unemployed, what is the labor force participation rate?
 
  A) 49 percent B) 67 percent C) 64 percent D) 51 percent E) 76 percent

[Animal_Goddess]

Answer to Question 1

C

Answer to Question 2

B