Which of the following is an example of market failure?
a. Public goods. b. Externalities.
c. Lack of competition. d. all of these.
d
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Wages in Baltonia are downwardly rigid. Which of the following will happen if a recession occurs in the country?
A) Employment will fall less than if wages were flexible. B) Unemployment will fall less than if wages were flexible. C) Employment will fall more than if wages were flexible. D) Unemployment will fall more than if wages were flexible.
Suppose that you expect during the next year the dollar will appreciate against the pound from 0.5 pound to the dollar to 0.75 pound to the dollar
How much will you expect to make on an investment of $10,000 in British government securities that will mature in one year and pay interest of 8%? A) -59.5% B) -28% C) 8% D) 28%
While monopoly power can be abused, it can also be used beneficially. What are the major pros and cons of largeness in business?
Which of the following statements is true?
A) If the actual unemployment rate is currently 5% and the natural unemployment rate is 5%, then the economy is operating at full-employment. B) The labor force participation rate is equal to the civilian noninstitutional population divided by the civilian labor force. C) A discouraged worker is counted as an unemployed worker. D) a and c E) a, b, and c