Martin Shore lost his job when General Motors closed down its local plant. He has been visiting the personnel offices of the other factories in the area, looking for a new job. He is:
A. a member of the civilian labor force who is employed.
B. a member of the civilian labor force who is unemployed.
C. a member of the civilian labor force who is underemployed.
D. a discouraged worker who is not a member of the labor force.
Answer: B
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Government intervention that fails to improve economic outcomes is known as market failure.
Answer the following statement true (T) or false (F)
An advantage of proprietorships is
A) the ease with which they can be formed and dissolved. B) their ability to raise large amounts of equity capital. C) the fact that their profits are not taxed. D) the breadth of management expertise that comes from having a board of directors.
Deficit spending
What will be an ideal response?