A structurally unemployed person is
A. not counted as part of the labor force.
B. an individual who cannot find a job because his or her job skills have become obsolete.
C. an individual who is switching jobs within the same industry.
D. an individual who cannot find a job because of a recession.
Answer: B
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Which of the following is the best measure of the total amount that the federal government owes to private owners of U.S. Treasury securities?
A) the government budget deficit B) the gross public debt C) government interagency borrowing D) the net public debt
"The amount of new stocks and bonds issued in a year adds to the country's GDP." Is this assertion correct or incorrect? Explain your answer
What will be an ideal response?
Refer to Scenario 7.1. Which piece of information would NOT be helpful in calculating the marginal cost of the 75th unit of output?
A) The total cost of 75 units B) The total cost of 74 units C) The variable cost of 75 units D) The variable cost of 74 units E) The firm's fixed cost
Historical note: Until 1975, the United States' balance of trade was characterized by
a. moderate deficits b. huge deficits c. moderate surpluses d. high volatility, that is, dramatic ups and downs (positives and negatives) e. zero balance or equilibrium