Refer to the graph below. Which of the following movements would indicate a reduction in unemployment?
A. From point C to point D
B. From point F to point H
C. From point E to point D
D. From point D to point G
Answer: B
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All else being equal, if Asian restaurants switch from serving French champagne to serving California wines, then the market equilibrium value of the exchange rate for the U.S. dollar will:
A. either rise or fall depending on whether the supply or demand for dollars changes more. B. become fixed. C. rise. D. fall.
During a recession, spending on ________ tends to fall more dramatically than spending on ________
A) nondurable goods; durable goods B) durable goods; nondurable goods C) food; cars D) necessities; luxuries
A law that restricts plant closings will
A) make the economy more efficient by slowing down the movement of resources to a more optimal rate. B) make the economy more efficient by reducing poor decisions on the part of entrepreneurs. C) prevent resources from flowing to their highest-valued uses. D) allow profits and losses to provide a signaling function.
A group of 100 people seek out an insurance company to underwrite health insurance for its members. If expected medical spending for the group is $150,000, what will the average premium be if the health insurance company estimates the premium adding net loading costs of 20 percent?
a. $1,200 b. $1,500 c. $1,800 d. $3,000