The cyclical unemployment rate can never be negative
Indicate whether the statement is true or false
False
Economics
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Market failures
A) prevent the price system from attaining economic efficiency. B) result in quantities and prices that are socially desirable. C) strengthen economic efficiency by forcing unprofitable firms to close. D) weaken the argument for government intervention in the economy.
Economics
What do property rights usually depend on?
Economics
The future value of $100 that earns 10% annually for n years is best expressed by which of the following?
A. $100/(1.1)n B. $100 × n × (1.1) C. $100(1.1)n D. $100(0.1)n
Economics
Which of the following has been one of the most productive sectors of the U.S. economy through the 19th, 20th and 21st centuries?
A. Textiles B. Steamships C. Steel D. Agriculture
Economics