The difference between a firm's assets and liabilities is its
A) accounting profit.
B) economic profit.
C) net worth.
D) implicit costs.
Answer: C
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If the labor force of a country is 100 million, of which 80 million are employed, then the number of unemployed people is 30 million
a. True b. False Indicate whether the statement is true or false
According to Shepherd, which of the following represent a primary cause of the rising competitive trend in U.S. industries between 1958 and 2000?
a. Collusion b. Regulation c. Antitrust policy d. Mergers
According to the Fisher effect, if the central bank raises the rate of money supply growth, what happens to the nominal and the real interest rate?
Economist A.W. Phillips found a negative correlation between
a. output and unemployment. b. unemployment and the interest rate. c. output and the interest rate. d. wage inflation and unemployment.