Which one of the following people would be counted as unemployed in Canada?
A) Kathy has stopped looking for work since she was unable to find a suitable job during a one -month
search.
B) Sharon is a college student with a job.
C) Benoit who was laid off when his firm closed down 2 months ago and has not been looking for work as he is going back to school.
D) Christos has been laid off from his job a month ago, and has not been looking for a new job as he is waiting for a severance package from his former employer.
E) Veena is not working, but she is looking for a full-time job.
E) Veena is not working, but she is looking for a full-time job.
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Laws that set maximum legal interest rates are called _____.
Fill in the blank(s) with the appropriate word(s).
Corrective taxes are unlike most other taxes because they
a. distort incentives. b. move the allocation of resources away from the social optimum. c. raise revenue for the government. d. move the allocation of resources closer to the social optimum.
In a market in which the government has set a price ceiling below the equilibrium price:
A. there will be excess supply. B. the quantity demanded will equal quantity supplied. C. a black market might develop. D. quantity supplied will exceed quantity demanded.
If in the third quarter of 2016 total investment spending was $4,768 billion and depreciation was $3,292 billion, then the amount counted in GDP, which is known as gross investment, would be:
A. $1,476 billion. B. $3,292 billion. C. $4,768 billion. D. $8,060 billion.