In 2009, Based on Concepts Similar to Those Used to Estimate

question 601

Multiple Choice

In 2009, based on concepts similar to those used to estimate U.S. employment figures, the Japanese adult non- institutionalized population was 110.272 million, the labor force was 65.362 million, and the number of people employed was 62.242 million. According to these numbers, the Japanese labor-force participation rate and unemployment rate were about

• A) 56.4% and 2.8%.
• B) 56.4% and 4.8%.
• C) 59.3% and 2.8%.
• D) 59.3% and 4.8%.

---

Definitions:

Legal Cartel Theory

A concept where regulations permit or create conditions for the existence of cartels, which are agreements between competing firms to control prices or markets.

Public Interest Theory

Suggests that regulations are supplied in response to the demand of the public for the correction of inefficient or inequitable market practices.

Price-fixing Theory

The economic analysis concerning agreements between competitors to sell a product or service at a set price, limiting competition.

Public Ownership

Ownership of assets, enterprises, or resources by governmental organizations rather than individuals or private companies.