The labor-force participation rate:
a. Equals the number of people employed divided by the number of people employed and unemployed.
b. Equals the number of people unemployed and actively seeking work divided by the non-institutional population over 16 years of age.
c. Is ironically very similar from one country to another.
d. Equals the number of people employed and unemployed (and actively seeking work) divided by the non-institutional population over 16 years of age and varies from country to country due to economic incentives, cultural backgrounds, expectations, and religious beliefs.
e. None of the above is correct.1.The labor force:
a. Is made up of individuals who are employed, individuals without a job and actively seeking work, and individuals without a job and not actively seeking work.
b. Is made up of individuals who are employed and individuals without a job and actively seeking work.
c. Is basically the same as a nation's non-institutional population over 16 years of age.
d. Rises with each new birth.
Question 2
A sign that Country A is under pressure to appreciate its currency is its:
a. Current account is in surplus.
b. Reserves account is in surplus (i.e., positive).
c. Overall balance is in deficit.
d. Overall balance is in surplus.
e. All of the above.
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