?A person who works part-time is considered to be:
a. employed
b. unemployed.
c. out of the labor force.
d. overemployed.
Answer: a. employed
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The reduction of brokerage commissions for trading common stocks that occurred in 1975 caused the demand for bonds to ________ and the demand curve to shift to the ________
A) fall; right B) fall, left C) rise; right D) rise; left
Which of the following is a distinctive feature of a credit-driven asset-price bubble?
A) asset-price increases that are "justified" by projections of future value B) a weakening of lending standards C) an increase in the number and variety of market participants D) The affected assets are financial stocks or bonds issued by companies in the financial sector.
In the United States, the working-age population refers to the:
A. civilian, noninstitutional population aged 16 and over. B. population of those aged 16 and over. C. civilian, noninstitutional population of those between age 16 and age 64. D. noninstitutional population of those between ages 16 and 64.
Under marginal cost pricing by a natural monopoly,
a. price is less than average cost b. there will be a welfare cost. c. the producer will earn a higher than normal rate of return. d. there is little or no incentive for the producer to hold down costs.