A partnership requires the agreement of most or all partners to any major decision.
Answer the following statement true (T) or false (F)
True
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Unemployment benefits in western Europe are more generous than in the United States. As a result, ________ in the United States
A) frictional unemployment is higher B) frictional unemployment is lower C) cyclical unemployment is higher D) structural unemployment is higher E) avoidable unemployment is lower
If you have $5,000 in wealth and the price level decreases by 20 percent, then
A) the $5,000 will buy fewer goods and services. B) the $5,000 will buy more goods and services. C) the real value of the $5,000 decreases. D) the real value of the $5,000 remains constant.
Sandra uses her sewing machine, thread, and yards of denim to produce jean skirts. The sewing machine is an example of a. labor
b. physical capital. c. human capital. d. natural resources.
The demand for microwaves in a certain country is given by: D = 8,000 - 30P, where P is the price of a microwave. Supply by domestic microwave producers is: S = 4,000 + 10P. If this economy opens to trade while the world price of a microwave is $50, the domestic quantity demanded will be ________ and quantity supplied will be ________.
A. 5,000; 5,000 B. 6,000; 4,000 C. 6,500; 4,500 D. 6,500; 3,000