Over 90 percent of life insurance companies are structured as __________ companies. Over 50 percent of industry assets are controlled by companies structured as __________ companies
A) mutual, mutual
B) mutual, stock
C) stock, mutual
D) stock, stock
C
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The amount of work a person will do as wage increases depends entirely on the size of the wealth effect. ?
Answer the following statement true (T) or false (F)
Suppose the unemployment rate in 2001 was 4.7, lower than the 5.4 percent unemployment rate that policymakers think is consistent with price level stability. Accepting the dictates of the Phillips curve, they would probably forecast for 2002
a. a higher rate of inflation b. a lower rate of inflation c. a higher rate of GDP growth d. a recession e. an economic stabilization at 4.7 percent unemployment
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.
Consider the monopoly in the figure below with price regulated at $20 per unit. Consumer surplus at the regulated price is: 
A. $500. B. $2,300. C. $3,920. D. There is insufficient information to determine consumer surplus.