An example of cyclical unemployment is a(n):
A. textile worker permanently laid off due to job lost to imports.
B. autoworker who is temporarily laid off due to a decline in demand for cars.
C. engineer permanently laid off due to advances in technology.
D. computer programmer who leaves one job and accepts a new job.
Answer: B
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Researchers believe that the economy grows at least one percentage point less annually when:
a. the ratio of public debt to GDP exceeds 90 percent for at least five years in a row. b. the ratio of public debt to GDP exceeds 50 percent for at least two years in a row. c. the growth rate of population falls for at least five years in a row d. the rate of inflation is below 4 percent for at least two years in a row. e. the growth rate of real interest rates falls for at least five years in a row.
Entrepreneurs serve a different purpose compared to a manager
Indicate whether the statement is true or false
Suppose there are two small island countries: Avarice, which is populated by people who are completely self-interested, and Altruism, which is populated by people who have adopted social norms of generosity and cooperation. Commitment problems will be:
A. largely avoided in Altruism, but prevalent in Avarice. B. prevalent on both islands. C. largely avoided in Avarice, but prevalent in Altruism. D. largely avoided on both islands.
ABC Corp. is considering an investment project that costs $500 today. It expects the project will yield income of $200 at the end of years 1, 2, and 3. If the interest rate is 10%, the firm
A. is just indifferent between undertaking the investment and not. B. should forgo the investment. C. should undertake the investment. D. indeterminate from the given information