An unemployed worker who wants a job but has given up in the search for a new job is referred to as a/an
A. Discouraged worker.
B. Unemployed worker.
C. Underemployed worker.
D. Phantom unemployed worker.
Answer: A
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A monopoly
a. can set the price it charges for its output and earn unlimited profits. b. takes the market price as given and earns small but positive profits. c. can set the price it charges for its output but faces a downward-sloping demand curve so it cannot earn unlimited profits. d. can set the price it charges for its output but faces a horizontal demand curve so it can earn unlimited profits.
Our balance on current account was about minus $_________ billion in 2009.
A. 300 B. 420 C. 540 D. 660
When a bank receives new deposits, it can make new loans up to the amount of
A) the deposits received. B) the excess reserves generated by the deposits C) the reserves generated by the deposits. D) the required reserves generated by the deposits.
Which of the following European Union (EU) nations has not adopted the euro?
A. France B. Great Britain C. Germany D. Italy