Which of the following is false?
a. People looking for full-time work who grudgingly settle for a part-time job are counted as employed, even though they are only "partly" employed.
b. Some people working in the underground economy could be counted in labor statistics as unemployed, while others may be counted as not in the labor force.
c. Unemployment rates can be quite different across different segments of the population, as well as varying substantially over time.
d. None of the above are false; all are true.
d
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In the film A Beautiful Mind, each of the three characters, Nash, Sol, and Bender, played a game where each preferred pursuing the blonde while the other two players pursued brunettes, so each preferred a different equilibrium
Also, no player had a dominant strategy in this game. Based on this, explain which of the 5 game archetypes their game did and did not represent.
According to Solow's exogenous growth theory, what happens to a country at steady state that suffered extensive capital destruction due to a war or climate event?
A) It will stay poor forever. B) It will grow back to be richer than before. C) It will get back to its original status. D) Anything can happen.
For complements, cross price elasticity of demand is:
a. Negative b. Positive c. between zero and one only d. zero.
Flexible exchange rates are determined by
A. the government of the importing country. B. the IMF. C. the forces of supply and demand. D. the government of the exporting country.