Data on the unemployment rate in the U.S. since 1960 show that the economy always has some unemployment and that the amount changes from year to year
a. True
b. False
Indicate whether the statement is true or false
True
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Hotelling's model has been used to describe differentiation in the political "market." Suppose that 100 voters are evenly distributed between the extreme left and the extreme right on the political spectrum, and that all voters vote, and they always vote for the candidate closest to them on this spectrum. The numbers on this spectrum represent the number of voters lying to the left of the number. So, at the midpoint, fifty voters lie to the left and fifty to the right. At the extreme right end, all 100 voters lie to the left. 
If Candidate X is running for office against Candidate Z, then:
A. all voters to the left of Z will vote for X, and all voters to the right of Z will vote for Z. B. all voters who would have voted for Y will vote for X. C. Candidate X might win. D. Candidate Z will win.
Restricting access to endangered common resources assigns
A) permanent property rights to those people given permission to use the resource. B) temporary property rights to those people given permission to use the resource. C) property rights to no one since access has been restricted to only a select few. D) property rights to society in general since the resource is a common resource.
What percentage of bank assets were in security holdings in 2012?
A) 5% B) 13% C) 22% D) 37%
The components of consumption expenditure, investment expenditure, government spending, and spending on net exports (exports minus imports) make up _____________________.
a. aggregate demand b. aggregate supply c. economic demand d. economic supply