Table 15-3
2010 Labor Data for Adults (Age 16 and Older)

question 414

Multiple Choice

Table 15-3
2010 Labor Data for Adults (age 16 and older) in Meditor
$$\begin{array} { | l | l | } \hline \text { Males not in labar farce } & 45 \text { million } \\\hline \text { Femeles nat in labor force } & 35 \text { million } \\\hline \text { Males unemplayed } & 5 \text { millian } \\\hline \text { Fenales unemployed } & 5 \text { millian } \\\hline \text { Males employed } & 85 \text { million } \\\hline \text { Fenales enployed } & 65 \text { milling } \\\hline\end{array}$$
-Refer to Table 15-3. What is the adult labor-force participation rate in Meditor?

• A)37.5 percent
• B)62.5 percent
• C)66.7 percent
• D)95.8 percent

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Definitions:

Deadweight Loss

A loss of economic efficiency that can occur when equilibrium in a market is not achieved or is not achievable.

Free Trade

An economic policy that allows imports and exports among member countries with little to no tariff barriers, quotas, or subsidies.

Total Output

Total output refers to the total quantity of goods and services produced within an economy at a given time period, reflecting the aggregate production level.

Comparative Advantage

The ability of a country, individual, company, or region to produce a good or service at a lower opportunity cost than its competitors.