Based on the Following Data for the Country of Tiny

question 198

Multiple Choice

Based on the following data for the country of Tiny Town, the employment-to-population ratio equals ________ multiplied by 100. Population = 200
Working age population = 100
Labor Force = 90
Number of employed persons = 75

• A) 90/100.
• B) 75/200
• C) 90/200.
• D) 75/100.

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Definitions:

Place Utility

The value added to products by having them where they are needed or wanted by consumers, thus enhancing customer satisfaction.

Location

Refers to a specific geographical place or position where something exists or occurs.

Raw Materials

The basic substances from which products are made, such as metals, textiles, or grains.

Finished Goods And Services

Products or services that have completed the manufacturing process and are ready to be sold to the end consumer.