Examlex
Prices communicate information about the relative value of resources in the marketplace.Which of the following would cause the value and,hence,the price,of oranges to rise?
a.A freeze wipes out half of the Florida citrus groves.
b.Orange juice is shown to reduce blood cholesterol levels.
c.The price of grape,cranberry,and pineapple juice falls dramatically.
Labor Force
The total number of people, including both the employed and unemployed, who are actively seeking work.
Discouraged Workers
Individuals who are not actively looking for work because they believe no jobs are available for them or there are none for which they would qualify.
Unemployment Insurance
A state-funded initiative offering monetary support to people unemployed due to circumstances beyond their control.
Nominal Interest Rate
Nominal interest rate is the stated or face interest rate on a loan or financial product, not adjusted for inflation, representing the actual percentage charged on the principal amount.
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