When the economy is at its potential output:
A. there is no structural unemployment.
B. there is no unemployment.
C. there is no frictional unemployment.
D. the labor force is fully employed.
Answer: D
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A) Tax incidence B) Tax bracket C) Tax revenue D) Tax burden
Suppose you are considering buying shares of a stock to hold for one year. The stock has an expected annual dividend of $2 and an expected price at the end of the year of $25
If your required rate of return is 10%, what is the most that you should be willing to pay for the stock? Round off to the nearest cent.
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a. 8 years b. 10 years c. 12 years d. 14 years
Inspired by the beautiful private tennis courts of some of its residents, the town of Lakeland built a pristine tennis park with five courts. Within three years the nets had been torn down, trash was piled everywhere, and graffiti was written on the courts. This story demonstrates the concept of the ______.
a. lemon problem b. tragedy of the commons c. moral hazard d. adverse selection