If the labor force is 400 and employment is 380, then the unemployment rate is
A. 90%.
B. 38%.
C. 5%.
D. 20%.
Answer: C
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An most important service provided by underwriters is
A) lowering of information costs. B) dealing with problems of moral hazard. C) insuring firms against loss from fire. D) insuring firms against loss from employee theft.
A camera manufacturer will sell its cameras only to retailers who agree to buy its brand of film. This is an example of
a. price discrimination b. exclusive dealing c. a tying contract d. interlocking directorates e. a trust
Which of the following is not correct?
a. Frictional unemployment is inevitable in a dynamic economy. b. Although the unemployment created by sectoral shifts is unfortunate, in the long run such changes lead to higher productivity and higher living standards. c. Workers tend to move to jobs where they are most valued. d. Churning of the labor force signals that the economy is functioning poorly.
From 1865 to 1900, the production of wheat, corn, and cotton
A. increased much more slowly than population growth. B. increased somewhat more slowly than population growth. C. increased at about the same pace as population growth. D. increased faster than population growth.