Actually for this type of question simply take a picture
Yah and the and is use a calculater
Answer:
(a) 3.7
(b) 3.7
Explanation:
The unemployment rate is calculated as the ration of unemployed workers over the labor force. The labor force is the total number of employed plus unemployed workers:
Then if there were 155 million people in the labor force and 7.4% where unemployed that means that 11.47 million people where unemployed
If unemployment rate would have been 5% we have
That means that 3.72 million fewer unemployed workers. Since Labor Force is the sum of unemployed and employed workers. The reduction in unemployment implies that they were now employed .
I think reading panel is the correct option
Hope this helps
-AaronWiseIsBae
Answer: <u><em>A nation cannot have a comparative advantage in the production of every good.</em></u>
The principle of comparative advantage states that under free commerce, an representative will produce more of and consume less of a commodity for which they have a comparative advantage. Comparative advantage is the economic experience depicting the work increase from trade for individuals or nations, which originate from differences in their factor endowments or technological progress.