Which of the following would be officially classified as unemployed?
a. a school administrator who has been working as a substitute teacher one day per week while looking for a full-time job in administration
b. a mathematician who returned to graduate school after failing to find a job the last four months
c. a 60-year-old former steel worker who would like to work but has given up actively seeking employment
d. a laid-off construction worker waiting to return to a previous job
D
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Recently the largest form of international investment funds for developing countries has been
A) foreign direct investments. B) World Bank loans. C) portfolio investments. D) bank loans.
If the economy were producing at point E and moved to point D,
A. the unemployment rate would increase.
B. the unemployment rate would decrease.
C. the production possibilities would shift outward.
D. the economy would shift resources from producing butter to increasing the production of guns.
The model of supply and demand is very good at predicting ______.
a. government policies for large and small markets b. government policies for just large markets c. changes in prices in large and small markets d. changes in quantities in large markets but not small ones
When an economy is experiencing higher real interest rates, business firms will most likely be discouraged from investing in:
a. mechanical devices b. specialized services c. computer or other technologies d. tangible and/or intangible capital