Which of the following statements is based on positive analysis?
a. Individuals without health insurance have less access to physicians' services than those who have health insurance.
b. The high cost of health insurance places U.S. firms at a competitive disadvantage with their foreign competitors.
c. Employers should be required to provide health insurance for all full-time workers and their dependents.
d. none of the above.
e. Both a and b.
E
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Which one of the following resources is not underemployed?
A. The use of Manhattan Island in New York City for growing corn. B. The use of farmland in the Iowa and Illinois corn belt for buildings to do stock market research. C. An automobile factory that is shut down for two months to be retooled for a model change. D. Limiting all men to the fields of school teaching and social work.
If the official unemployment rate increases from December to January because the Christmas season is over, we can conclude that _____ is responsible for the increase
a. seasonal unemployment b. cyclical unemployment c. structural unemployment d. frictional unemployment e. underemployment
Evidence from the Great Recession suggests that the crowding out effect:
A. was minimal at that time. B. had a very detrimental effect on private savings. C. can be quite large in times of recession, and is reinforced with recent research from 2008. D. may hold, although the evidence is somewhat contradictory.
Answer the following statement(s) true (T) or false (F)
1. Retained earnings means a corporation puts profits back into the company instead of paying them as dividends. 2. The term securities refers to real estate and cash. 3. Banks, mutual funds, savings and loans, and insurance companies are all types of financial intermediaries. 4. The total value of saving for an economy must be greater than the total value of investment. 5. Public saving is the amount of income the government has left over after paying for its spending.