In a recession, which unemployment rate is the highest?
A) the U-1 unemployment rate
B) the U-6 unemployment rate
C) the U-2 unemployment rate
D) the U-3 unemployment rate
E) None of the above answers is correct because the highest unemployment rate changes from one recession to the next.
B
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The contact points where the terms of forward contracts are set are known as:
a. the underlying markets. b. the derivative markets. c. the over-the-counter markets. d. the futures exchange.
Pollution taxes are more efficient in cleaning up the environment than direct controls. What role is there for direct controls?
a. They are useful standby mechanisms. b. They are useful if it is decided to prohibit the substance altogether. c. They are useful where dependable metering devices are not available or prohibitively costly to install. d. All of the above are true.
The following graph shows the market equilibrium for corn in the United States. If the world price of corn is $2 and there are no trade restrictions, the United States will:
What will be an ideal response?
Refer to the information provided in Figure 6.2 below to answer the question(s) that follow.
Figure 6.2Refer to Figure 6.2. Assume Mr. Lingle is on budget constraint AC. If the price of a gardenburger is $5, Mr. Lingle?s monthly income is
A. $8. B. $150. C. $200. D. $240.