-The Labor Force Participation Rate Shows the Percentage of
A)

question 174

Multiple Choice

$$\begin{array} { | c | l | l | l | } \hline \begin{array} { l } \text { Total } \\\text { population } \\\text { (millions) }\end{array} & \begin{array} { c } \text { Currently } \\\text { employed } \\\text { (millions) }\end{array} & \begin{array} { c } \text { Not working } \\\text { and looking for } \\\text { work (millions) }\end{array} & \begin{array} { c } \text { Want to work but } \\\text { no longer looking } \\\text { for work } \\\text { (millions) }\end{array} \\\hline 80 & 40 & 2 & 4 \\\hline\end{array}$$
-The labor force participation rate shows the percentage of

• A) people not working, but who want to work.
• B) non-institutionalized working-age people who are actually working or seeking employment.
• C) people who are not actively participating in meaningful economic activity.
• D) new entrants into the labor force.

---

Definitions:

Market Entry

The strategy or process by which a company enters a new market or industry, which can include establishing new operations or acquiring an existing business.

Total Surplus

The sum of consumer surplus and producer surplus in a market, representing the total benefits to society from trade.

Mandated Price

A price set by legislation or regulatory authority, not determined by market forces, usually to protect consumers or ensure fair competition.

Surplus Change

A variation in the surplus amount, which can result from changes in market conditions or policies affecting supply and demand.