Which of the following can the government not use directly to control the economy?
a) Pay rates within the private sector
b) Pay rates in the public sector
c) Investment in state education
d) Benefits available for the unemployed and sick
Answer: a) Pay rates within the private sector
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Because everybody lives under uncertainty, everybody is
A) less than perfectly informed. B) ignorant of something. C) a speculator. D) all of the above. E) none of the above.
Which type of unemployment contributes to the natural rate of unemployment?
A. Real-wage unemployment B. Cyclical unemployment C. Unemployment of government workers. D. All of these contribute to the natural rate.
If the U.S. dollar price of the New Zealand dollar (NZD) is $0.5709, then the NZD price of one U.S. dollar will be:
a. 1.5709 NZD. b. 1.75 NZD. c. 1.6711 NZD. d. 0.5709 NZD. e. 1.75 NZD.
The monopolist's total revenue curve is represented graphically by a positively sloped line.
Answer the following statement true (T) or false (F)