Balance of payments accounts include
A) the net interest income account.
B) the current account.
C) Both answers A and B are correct.
D) Neither answer A nor B is correct.
B
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Suppose people decide to buy fewer GE stoves. If General Electric reduces the number of its employees to reduce its costs but no other stove company does so, which type of unemployment results?
A) cyclical B) marginal C) structural D) frictional E) discouraged
"To each according to what he or she produces" describes the ________ theory of income determination
A) productivity B) egalitarian C) equity D) needs
To say that people make marginal decisions means that
a. they usually wait until the last minute before making a decision to buy b. they weigh the additional costs and additional benefits of various activities before they make a decision c. most people just barely get by on the incomes they earn and live from day to day on the very edge of subsistence d. given a choice, most people would prefer to make their own decisions concerning the things that affect their lives e. they consider the total cost and benefit of various activities before they make a purchase
A long and deep recession in the business cycle is:
a. unemployment. b. a trough. c. a recession. d. a depression e. unavoidable.