Which of the following individuals can be counted as unemployed?
What will be an ideal response?
66.7%
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The Suffolk System
a. operated similarly to the modern Federal Deposit Insurance Corporation. b. led to lower discount rates on the notes of country banks in New England. c. was established by Nicholas Biddle. d. was used primarily prior to 1863 in Louisiana. e. All of the above.
In macroeconomics, which of the following topics would most likely be studied?
A. Bob's budget B. Nike's costs of production C. The growth rate of the oil industry D. Unemployment in Mexico.
An opportunity cost that occurs because of increased government spending is
A. Congressional disagreements. B. An increase in private sector investment. C. The crowding out of private sector output. D. The crowding in of public sector investment.
The tournament pay explanation is useful in an attempt to explain why
a. very few people actually earn the minimum wage. b. political entrepreneurs can generate campaign contributions from businesses outside of their districts. c. people with only a high school education earn less than those with college degrees. d. some corporate executives earn amounts higher than their marginal revenue product.