Explain the economic significance for the existence of unemployment insurance
What will be an ideal response?
The economic significance lies in the automatic stabilization of the economy. Reduced employment means lower spending and in turn results in lower employment. By providing spendable income, the vicious spiral is abated.
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The only sensible argument for using credit is that you lack sufficient resources to purchase with cash
Indicate whether the statement is true or false.
If two variables were perfectly correlated, what would the coefficient of correlation r equal?
A) 0 B) -1 C) 1 D) B or C E) none of the above
The output of individual production quantities of the end items to be produced at various points of the short-term planning horizon is called ______.
a. available-to-promise (ATP) inventory b. the master production schedule (MPS) c. sales and operations planning d. rough-cut capacity planning
A(n) ________ audit of an agency is designed to verify costs, expenses, and payments to outside suppliers.
A. financial B. departmental C. operational D. qualitative E. grant and contract