Which of the following causes the unemployment rate to understate the true extent of joblessness?
A) Many full time workers really want to be part time workers.
B) A drug dealer reports herself as unemployed.
C) Persons who collect unemployment benefits report themselves to be searching for a job.
D) Discouraged workers are counted as unemployed.
E) Discouraged workers are not counted as unemployed.
E
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Thomas Malthus's model assume that ___________
Fill in the blank(s) with the appropriate word(s).
Refer to Figure 2-14. Which country has a comparative advantage in the production of popsicles?
A) Greenland B) They have equal productive abilities. C) Iceland D) neither country
What are the functions of money?
a. Medium of exchange, store of value, unit of account, standard of deferred payments b. Payment of credit, store of debt, unit of account, medium of exchange c. Medium of exchange, store of debt, unit of account, standard of deferred payments d. Payment of credit, store of value, unit of account, medium of exchange
Under an acreage allotment program,
A) the government sets a limit on the quantity of a product that a farmer is allowed to bring to market, which is intended to cause farmers to cut back on the number of acres they cultivate. B) farmers are paid to take part of their land out of cultivation. C) farmers are given limits as to the number of acres that can be farmed. D) farmers are paid the difference between the market price of their product and a governmentally determined price that would maintain an established price parity. E) the government establishes a minimum price that farmers will be paid for their product, which causes the farmers to cut back on the number of acres planted.