If the quantities in the demand schedule in the table above were reduced by 2 units at each price, you would conclude that
A. demand increased.
B. demand decreased.
C. the demand curve shifted to the right.
D. both demand increased and the demand curve shifted to the right.
B. demand decreased.
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If the number of employed workers in an economy is 8 million, the number of potential workers in the economy is 12 million, and the number of adults not in the labor force is 1 million, the number of unemployed people in the economy will equal:
A) 3 million. B) 5 million. C) 1 million. D) 7 million.
An "unsecured" loan is one
A) with no stated collateral. B) that is pending approval by a bank loan committee. C) which has collateral. D) in which the borrower is delinquent in loan payments but has not formally defaulted on.
The ability to share work and share risk is an advantage for
A) sole proprietorships and partnerships. B) sole proprietorships. C) sole proprietorships and corporations D) partnerships.
"Thrifts" refer to the following institutions, except:
A. Commercial banks B. Credit unions C. Mutual savings banks D. Savings and loan associations