When there is an excess demand for money, individuals and businesses will attempt to purchase bonds
a. True
b. False
Indicate whether the statement is true or false
False
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Pareto optimality and Pareto superiority _____
a. concern only monetary gains and losses b. compare utility gains with utility losses c. do not require interpersonal utility comparisons d. are equivalent to the concept of economic efficiency
Why are high rates of unemployment of concern to economists?
A. Higher rates of unemployment generally lead to higher inflation rates. B. Environmental destruction is more prevalent when unemployment rates are high. C. There is lost output that could have been produced if the unemployed had been working. D. All of these options are reasons why economists are concerned about high unemployment rates.
A man is fired from his job because he was late for work too many times. While he is searching for another job he would be classified as
A. structurally unemployed. B. frictionally unemployed. C. cyclically unemployed. D. not in the labor force because his employer had a legitimate reason for firing him.
The ratio of a bank's after-tax profit to bank capital is known as
A) net interest margin. B) return on equity. C) return on capital. D) spread.