During a recession the unemployment rate generally ________ and during an expansion the unemployment rate generally ________
A) rises; rises
B) rises; falls
C) rises; does not change
D) falls; rises
E) does not change; falls
B
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Smith and Jones comprise a two-person economy. Their hourly rates of production are shown below. CalculatorsPer HourComputersPer HourSmith10010Jones1206Suppose Smith and Jones begin by producing 0 computers and 220 calculators per hour. If they wish to produce 2 computers and 200 calculators per hour efficiently, then Smith should spend ________, and Jones should spend ________.
A. 48 minutes on computers and 12 minutes on calculators; 1 hour on calculators B. 12 minutes on computers and 48 minutes on calculators; 1 hour on calculators C. 30 minutes on each; 30 minutes on each D. 1 hour on calculators; 10 minutes on computers and 50 minutes on calculators
There have been __________ recessions since World War II that have lasted over one year.
A. one B. two C. three D. four
Refer to the information provided in Figure 16.2 below to answer the question(s) that follow.
Figure 16.2Refer to Figure 16.2. What is the total damage imposed as a result of producing the efficient level of cars?
A. $0 B. $250 C. $350 D. $500
Answer the following statement(s) true (T) or false (F)
1. investors is corporations have unlimited liability for the company's debts 2. cooperatives can be organized to help consumers, provide services, or help producers 3. the dividends of stockholders in a corporation are subject to double taxation 4. the American Federation of Labor is an example of a professional association 5. preferred stock represents the nonvoting ownership of a corporation