The restriction or prohibition of trade in order to put political pressure on a country is:
A. a source of quota rent.
B. a tariff.
C. unfair practice.
D. an embargo.
Answer: D
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Activists of the policies believe that
A) the self-correcting mechanism through wage and price adjustment is very slow. B) wages and prices are sticky. C) the government needs to pursue active policy to eliminate high unemployment when it develops. D) all of the above.
Which of the following is NOT true about commercial paper?
A) It is a short-term (six months or less) debt. B) It is riskier than a Treasury bill. C) It is issued by a "high-quality" corporate borrower. D) It pays at a rate about double the Treasury bill. E) It can be resold.
For a perfectly competitive firm, the value of the marginal product is
A) the same thing as marginal factor cost. B) the same thing as marginal physical product. C) marginal physical product times the product price. D) marginal physical product times the wage rate.
Someone who has a job but is absent from work because she is on vacation is counted as "employed."
a. True b. False Indicate whether the statement is true or false