Mike is an automobile worker. Because of technological changes in the way automobiles are produced and the increased use of automation, Mike was recently laid off and is currently seeking another job. Mike is best described as being
a. frictionally unemployed
b. structurally unemployed
c. seasonally unemployed
d. not in the labor force
e. cyclically unemployed
B
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Which of the following are TRUE for discount bonds?
A) A discount bond is bought at par. B) The purchaser receives the face value of the bond at the maturity date. C) U.S. Treasury bonds and notes are examples of discount bonds. D) The purchaser receives the par value at maturity plus any capital gains.
Suppose a subsidy is offered to consumers of education as a means of internalizing the externalities associated with education. If the subsidy accurately reflects the external benefits of education, then the new demand curve for education coincides with which other curve?
Comparative advantage refers to the ability to produce at a lower financial cost than a competitor.
Answer the following statement true (T) or false (F)
The reason for the Fed being set up as an independent agency of government is to:
A. Protect it from political pressure B. Allow it to earn profits like private firms C. Make it be managed and controlled by member banks D. Let it be able to compete with other financial institutions