Part-time workers are considered both a part of the labor force and employed
Indicate whether the statement is true or false
TRUE
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The figure above shows the market for umbrellas in Sunville. When the market for umbrellas in Sunville is in equilibrium, what is the total deadweight loss?
A) $2,000 B) $800 C) $0 D) 600 umbrellas
When someone contracts to do a task but fails to put full effort into the performance of an agreement, yet the lack of effort is not independently verifiable, this lack of effort constitutes a
a. breach of contractual obligations b. denial of good guarantee c. loss of reputation d. moral hazard
Suppose a student group from your university tours the United Kingdom. As they purchase English goods, their actions will
a. create a demand for dollars and a supply of English pounds in the foreign exchange market. b. create a demand for English pounds and a supply of dollars in the foreign exchange market. c. cause the U.S. dollar to appreciate. d. cause the English pound to depreciate.
The return on bonds rises relative to other assets, in the bond market this will result in:
A. an increase in bond prices. B. the price of bonds falling and the yields increasing. C. a rightward shift in the bond supply curve. D. a shift to the left of the bond demand curve.