Suppose U = the Number of Adults Who Are Unemployed

question 107

Multiple Choice

Suppose U = the number of adults who are unemployed, E = the number of adults who are employed, and NLF = the number of adults NOT in the labour force.Which expression would equal the unemployment rate?  

• A) U/(E + NLF) 
• B) U/E 
• C) U/(U + E) 
• D) U/(E + NLF)

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Definitions:

Sherman Act

A landmark federal statute in the field of United States antitrust law passed by Congress in 1890 to prohibit monopolistic business practices.

Illegal

Referring to actions or activities that are prohibited by law.

Promotional Allowances

Financial incentives offered by manufacturers to retailers or wholesalers to encourage the sale or stocking of products.

Robinson-Patman Act

A 1936 United States federal law aimed at preventing unfair competition and price discrimination by regulating trade practices.