If the unemployment rate fell from 8 percent to 6 percent, the cyclical unemployment rate
A. Went up.
B. Stayed the same.
C. Fell by less than 2%.
D. Fell by 2%.
E. Fell by more than 2%.
D. Fell by 2%.
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What is moral hazard?
What will be an ideal response?
A trade policy is a government policy
a. directed toward the goal of improving the tradeoff between equity and efficiency. b. that directly influences the quantity of goods and services that a country imports or exports. c. intended to exploit the tradeoff between inflation and unemployment by altering the budget deficit. d. concerning employment laws.
An increase in the value of an asset over the price initially paid for it is a
A. dividend. B. capital gain. C. share of stock. D. promissory note.
Xerox and AT&T are examples of companies that
A. reaped little benefit from the major innovations they created. B. earned too little profit to have money to invest in R&D. C. earn most of their revenues from licensing the patents they own. D. face so little competition that they see no need to innovate.