Unemployment occurs when someone:
A. is not working full-time.
B. wants to work but cannot find a job.
C. should be working but chooses not to.
D. has useful skills that are not being used.
Answer: B
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If your assets are highly liquid, this means you can make transactions on short notice
Indicate whether the statement is true or false
Under a fixed exchange rate system, if the inflation rate of the United States exceeds the inflation rate of other nations, the
A) dollar will depreciate. B) dollar will appreciate. C) United States will develop a trade surplus. D) United States will develop a trade deficit.
Scarcity means we must
A) consume less. B) produce less. C) make choices. D) earn more. E) work more.
The two major types of finance company are
A) captive and specialty. B) public and private. C) consumer and commercial. D) insured and uninsured.