The unemployment rate:
a. Tends to be more stable than the employment rate.
b. Has more reliable components (in terms of measurability) than the employment rate.
c. Always falls when the employment rate rises.
d. Always rises when the employment rate rises.
e. Is considered to be a poorer measure of business cycle activity than the employment rate.
.E
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Which of the following is a certificate of indebtedness?
a. both stocks and bonds b. stocks but not bonds c. bonds but not stocks d. neither stocks nor bonds
Yellow-dog contracts give
A. firms the right to require a worker to not join a union as a condition of employment. B. a nonunion worker the right to enjoy union benefits without paying union dues. C. the firm the right to permanently fire anyone who strikes. D. workers the right to be represented by a union. E. firms the right to hire replacement labor when the union strikes.
Every country in the world has an independent central bank.
Answer the following statement true (T) or false (F)
The value of a good to a consumer depends on
a. its total utility b. the marginal utility of the first unit consumed c. the average utility of the units consumed d. the marginal utility of the last unit consumed e. the ratio of its marginal utility to total utility