In the abstract, an omniscient government would have little power to move inefficient markets toward efficiency
a. True b. False
b
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The factor that ultimately determines the change in the stock of capital, the level of real wages, and the output of an economy is
A) GDP. B) the labor force. C) the unemployment level. D) net investment.
Juanita has just opened a new business selling pet supplies through the Internet
A) Juanita is an entrepreneur. B) Juanita is not providing economic goods since people purchase the goods. C) Juanita is not providing economic goods since pet supplies are not being sold in a store. D) Juanita is not an entrepreneur since there are other businesses that sell pet supplies.
An increase in the government's budget deficit means
a. public saving is greater than $0 and increasing. b. public saving is greater than $0 and decreasing. c. public saving is less than $0 and increasing. d. public saving is less than $0 and decreasing.
How is it established that someone is "actively looking for work" in order to count her as unemployed?
A. She must provide copies of all of her job search-related correspondence B. She must have taken some action to find a job in the last four weeks C. She must say that she would be willing to take a job if offered one D. She must have gone on at least one job interview in the past year