AP (Advanced Placement) Macroeconomics: Questions 635 - 638 of 750

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Question 635

Appeared in Year: 2020 (NET)

Question

MCQ▾

Forward exchange rates are useful for those who wish to (September Evening Shift)

A. Protect themselves from the risk that the exchange rate will change before a transaction is completed

B. Gamble that a currency will rise in value

C. Gamble that a currency will fall in value

D. Exchange currencies at a point in time in the future

Choose the correct answer from the options given below:

Choices

Choice (5)Response

a.

A and B only

b.

A, B and C only

c.

A and C only

d.

All a., b. and c. are correct

e.

None of the above

Passage

For questions below use the information below for a small town.

The Information below for a Small Town
Total Population2000
Total Employed Adults950
Total Unemployed Adults:50

Question 636 (1 of 2 Based on Passage)

Question

MCQ▾

What is the unemployment rate?

Choices

Choice (5)Response

a.

7 percent

b.

Unknown, as we do not know the number of discouraged workers.

c.

5 percent

d.

5.5 percent

e.

2.5 percent

Question 637 (2 of 2 Based on Passage)

Question

MCQ▾

What is the size of the labor force?

Choices

Choice (5)Response

a.

900

b.

1000

c.

950

d.

2000

e.

1950

Question 638

Question

MCQ▾

You are working at a supermarket bagging grocery but you are unhappy about your wage so you quit and begin looking for a new job at a competing grocery store. What type of unemployment is this?

Choices

Choice (5)Response

a.

Cyclical

b.

Structural

c.

Seasonal

d.

Frictional

e.

Discouraged

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