Darryl would like to work as an accountant full time. A full-time position is not available, however, so he must accept a part-time job working 15 hours per week. The Bureau of Labor Statistics would categorize Darryl as
a. employed.
b. unemployed.
c. both employed and unemployed.
d. not in the labor force.
A
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At the beginning of the year, your wealth is $10,000. During the year, you have an income of $90,000 and you spend $80,000 on consumption. You pay no taxes. Your wealth at the end of the year is
A) $20,000.00. B) $0. C) $90,000.00. D) $100,000.00.
A medical doctor who specializes in a particular field (e.g., surgery) generally earns more than a general practitioner because
a. of greater education and training requirements b. of differences in labor mobility c. a general practitioner is more likely to work in an urban area d. of discrimination e. a general practitioner treats a greater number of patients per day
A mortgage loan made to a borrower with a low credit score is called a:
A. hi-risk mortgage loan. B. prime mortgage. C. subprime mortgage. D. bundled financial loan.
If the price of inputs rises and consumer expectations about future economic activity worsens:
a. Aggregate demand and aggregate supply fall. b. Neither aggregate demand nor aggregate supply change. c. Aggregate demand rises, and aggregate supply falls. d. Aggregate demand rises, but aggregate supply does not change. e. None of the above.