Author Question: In a small country, there are 5,000 people in the labor force and 3,000 people are employed. The ... (Read 107 times)

colton · **on:** Jun 29, 2018

In a small country, there are 5,000 people in the labor force and 3,000 people are employed. The labor force participation rate equals

A) 40 percent.
B) 60 percent.
C) 62.5 percent.
D) an undetermined amount given the lack of information.

Question 2

A sales tax is

A) a tax assessed on personal income.
B) a tax assessed on the prices paid for numerous goods and services.
C) a tax assessed on a public good.
D) the total tax base.