The U.S. unemployment rate is based on a yearly survey carried out by the U.S. Bureau of the Census.
Select whether the statement is true or false.
A. True
B. False
B. False
This statement is false. The U.S. unemployment rate is based on a monthly survey carried out by the U.S. Bureau of the Census, which asks a series of questions to divide the adult population into employed, unemployed, or not in the labor force.
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Unregulated markets will tend to
A. rapidly deplete any natural resource. B. naturally conserve any depletable natural resource by pushing up its price every year by a constant dollar amount. C. naturally conserve a depletable resource by pushing up its price at a constant rate every year. D. deplete a resource unless new supplies are found.
There are two types of investment: ________ investment—the spending by business firms on equipment and structures, and planned spending on residential houses—and ________ investment—spending by business firms on additional holdings of raw
materials, parts, and finished goods. A) planned; gross B) planned; inventory C) fixed; gross D) fixed; inventory
In a perfectly competitive labor market
a. all firms are wage takers b. all firms are wage searchers c. all firms sell their output at a constant price d. none of the firms that demand labor can be monopolists e. some firms may be able to influence the wage rate as long as most firms cannot
If real interest rates in the US increase relative to real interest rates in other countries which of the following will occur?
a. capital will flow out of the US b the demand for loanable funds in the US will increase c. the supply of the loanable funds will increase in other countries d. the supply of loanable funds will increase e. the demand for loanable funds will increase in other countries