If we compared the total of the structurally and frictionally unemployed to the cyclically unemployed,
A. Cyclical would always be higher.
B. Cyclical would usually be higher.
C. Cyclical would rarely be higher.
D. Cyclical would never be higher.
C. Cyclical would rarely be higher.
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Company towns are
A. monopolies. B. monopsonies. C. towns named after companies. D. adjacent towns.
One result of asymmetric information in health insurance markets is:
a. adverse selection. b. an optimal number of insurance policies sold. c. externalities in consumption. d. the principal-agent problem. e. a low marginal benefit of additional information for the buyer of insurance.
Central bank independence refers to the central bank’s ability to make decisions without political interference.
Answer the following statement true (T) or false (F)
"The Jungle", Upton Sinclair describes the meatpacking industry in Chicago at the beginning of the twentieth century. The unregulated meatpacking companies had very low health and safety standards, and they exploited their employees unmercifully. Sinclair was describing a
A. socialist economy B. communist economy C. free market economy