Discouraged workers are included in the
A. labor force category.
B. unemployed category.
C. not in the labor force category.
D. employed category.
Answer: C
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U.S. exports create a ________.
A. supply of foreign currencies and a demand for dollars in the foreign exchange markets B. supply of foreign currencies and a supply of dollars in the foreign exchange markets C. demand for foreign currencies and a demand for dollars in the foreign exchange markets D. demand for foreign currencies and a supply of dollars in the foreign exchange markets
Suppose that your tuition to attend college is $24,000 per year and you spend $8,000 per year on room and board. If you were working full time, you could earn $30,000 per year. What is your opportunity cost of attending college for one year?
A) $32,000 B) $38,000 C) $54,000 D) $62,000
Briefly describe the following types of financial intermediaries:
1. Commercial bank 2. Investment bank 3. Mutual fund 4. Hedge fund 5. Pension fund 6. Insurance company
Which of the following statements about a perfectly competitive market are TRUE?
I. The perfectly competitive industry faces an upward sloping labor supply curve. II. The individual firm in a perfectly competitive industry faces a perfectly elastic labor supply curve. A) I only B) II only C) both I and II D) neither I nor II