Q. Compute the labor participation rate: total population, 500; population under 16 years of age or institutionalized, 120; not in labor force, 150; unemployed, 23; part-time workers looking for full-time jobs, 10. If both the unemployment l and labor participation rates fell, how would you characterize the results?
Q. Illustrate the entry barriers exist in the fast food industry, cable tv, the auto industry, and illegal drug trade and beauty parlours?