The earnings of all employees in a competitive economy would be equal if
a. workers were perfectly mobile among jobs.
b. all jobs were equally attractive.
c. all of the above are true.
d. all individuals were homogeneous.
c. all of the above are true.
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Excessive unemployment benefits and government overregulation are part of the ________ hypothesis of why a nation's ________ unemployment rate can be high
A) hysteresis, cyclical B) hysteresis, natural C) structuralist, cyclical D) structuralist, natural
If the U.S. current account balance is negative,
A) its financial account is likely to be positive. B) its financial account is likely to be negative C) it must use official settlements to balance its payments. D) its balance of payments cannot be zero
If you have $1,000 in an account that offers "3x" margin, you can effectively buy:
A. $1,000 worth of stocks. B. $2,000 worth of guaranteed government bonds. C. $3,000 worth of stocks. D. $3,000 worth of guaranteed government bonds.
When two variables repeatedly change at the same time, there must be a causal relationship between them
a. True b. False Indicate whether the statement is true or false