Which of the following will help reduce the natural rate of unemployment?
a. an increase in the minimum wage
b. a decrease in cyclical unemployment
c. an increase in the number of automatic stabilizers
d. an increase in government spending on employment training programs
e. a decrease in taxes
D
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Refer to Scenario 3 . If half the workers build huts and half of the workers gather coconuts, what would be the production on the island?
What will be an ideal response?
Texas requires drivers to carry automobile collision insurance. Texas views this type of insurance as a
a. merit good b. public good c. nonrival good d. nonexcludable good e. voluntary good
Katherine gives piano lessons for $15 per hour. She also grows flowers, which she arranges and sells at the local farmer's market. One day she spends 5 hours planting $50 worth of seeds in her garden. Once the seeds have grown into flowers, she can sell them for $150 at the farmer's market. Katherine's accounting profits are
a. $100, and her economic profits are $25. b. $100, and her economic profits are $75. c. $25, and her economic profits are $100. d. $75, and her economic profits are $125.
Which type of business involves one partner managing while the others are financial partners only?
a. sole partnership b. general partnership c. limited partnership d. managerial partnership e. none of these