At an output of zero, total cost is
A. zero.
B. equal to fixed cost.
C. equal to variable cost.
D. cannot be found.
B. equal to fixed cost.
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Other things the same, a decrease in the price level causes the interest rate to
a. increase, the dollar to appreciate, and net exports to increase. b. increase, the dollar to depreciate, and net exports to decrease. c. decrease, the dollar to depreciate, and net exports to increase. d. decrease, the dollar to appreciate, and net exports to decrease.
In calculating the unemployment rate, part-time workers are:
A. included in the labor force but not the unemployment rate. B. counted as unemployed because they are not working full time. C. counted as employed because they are receiving payment for work. D. excluded from the labor force because they are not actively seeking employment.
Which of the following is not an example of an economic policy that affects the level of unemployment?
A. Minimum wage law. B. At-will employment policies. C. Title IX. D. Efficiency wages.
The form of risk to the lender associated with a borrower not paying their debt is called
A. overall risk. B. market risk. C. default risk. D. complete risk.