Compensatory damages are meant to reimburse for:
a. actual losses, economic in nature
b. actual losses, noneconomic in nature
c. the wrongful behavior causing injury
d. all of the above
e. a and b only
E
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The concept of free trade is based on the principle that countries should specialize in the production of goods for which the
a. absolute advantage is highest b. absolute advantage is lowest c. opportunity cost is highest d. opportunity cost is lowest e. consumers have the highest demand
Why does the Bureau of Labor Statistics make an effort to specify the number of people who have been unemployed for 15 weeks or longer?
a. Only people who have been unemployed for 15 weeks or more are eligible to receive
unemployment benefits.
b. One of the criteria for being considered a marginally attached worker is being
unemployed for 15 weeks or less.
c. Unemployment for several months is much more serious threat to the economy than
unemployment for several weeks.
d. Workers usually stop looking for a job after 15 weeks, so the government begins to
consider them discouraged workers at this point.
If the government has a balanced budget, the total amount of government debt is...
What will be an ideal response?
From 1989 to 2013, the share of wealth for the bottom 90% of wealth holders in the United States
A. increased by almost 10 percentage points. B. increased by more than 45 percentage points. C. remained roughly the same. D. decreased by about 8 percentage points.