Unemployment resulting from normal turnover in the labor market is called:
a. frictional unemployment.
b. cyclical unemployment
c. structural unemployment.
d. seasonal unemployment.
a
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Which of the following allows workers to focus on the types of production where they have an advantage?
a. Deindustrialization b. Diseconomies of scale c. Scarcity d. Specialization
There are several government agencies in the United States that regularly check the balance sheets of banks. This is done to ensure that: a. banks take on risky projects that will earn high returns. b. banks have a positive net worth. c. banks earn sufficient profits
d. banks lend to customers with poor credit ratings.
In general in the U.S., persons classified as poor have money income that amounts to
A. less than half the median income. B. three quarters of the median income. C. the median income. D. half the median income.
The Koyck distributed lag model is an example of:
A. a moving average model. B. an autoregressive conditional heteroskedasticity model. C. an infinite distributed lag model. D. a finite distributed lag model.