In the United States in 1933, ________ people were unemployed.
A. 250,000
B. 1.5 million
C. 13 million
D. 51 million
Answer: C
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Which of the following would NOT be considered unemployed?
A) a new entrant to the labor force B) a job leaver who is looking for a better job C) an individual fired by her employer D) a newly retired worker
Assume a market that has an equilibrium price of $8. If the market price is set at $7, consumer surplus:
A. rises for some because of the decreased price. B. decreases for some because of fewer transactions taking place. C. Both of these statements are true. D. Neither of these statements is true.
_____ occurs when unobservable qualities are valued incorrectly because of a lack of information
a. Moral hazard b. Adverse selection c. Conspicuous consumption d. Marginal selection e. Statistical discrimination
When the U.S. real interest rate falls
a. U.S. purchases of foreign assets and foreign purchases of U.S. assets rise b. U.S. purchases of foreign assets rise and foreign purchases of U.S. assets fall c. U.S. purchases of foreign assets fall and foreign purchases of U.S. assets rise d. U.S. purchases of foreign assets and foreign purchases of U.S. assets fall