If Sam does not have a job and is NOT currently looking for work but has looked in the past, he is considered:
A. unemployed and in the labor force.
B. unemployed and not in the labor force.
C. not in the labor force.
D. unemployed.
Answer: C
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________ a nation's production possibilities frontier represents economic growth
A) Moving up along B) An outward shift of C) An inward shift of D) Moving down along
The consumer price index (CPI) _____ inflation because it includes an item in the market basket only after the product becomes _____
a. overstates; unpopular b. overstates; obsolete c. overstates; widely used d. understates; widely used e. understates; obsolete
A ______ chance of default will cause the interest rate to be ______.
A. more variable; lower B. less variable; higher C. higher; lower D. higher; higher
Transaction costs
What will be an ideal response?