To operate efficiently, an economy generally "needs" ________ unemployment
A) structural B) cyclical C) seasonal D) frictional
D
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In reading the stock market quotes in the newspaper, the column with the heading "Ticker" gives the
A. number of shares of the stock traded that day. B. the full name of the company whose stock is being studied. C. stock symbol for the company. D. highest price the stock has sold for in the past year.
The types of goods Japan exports and imports appear to be well explained by
A) Japanese endowments of factors of production (e.g. land, labor, capital, natural resources). B) high and rising Japanese tariffs. C) advertising and other sales promotion efforts. D) All of the above.
International trade leads to complete equalization of factor prices. Discuss
What will be an ideal response?
The number of computers bought increased by 20 percent when the price of on-line services declined by 10 percent. Assuming other factors are held constant, computers and on-line services are classified as:
a. complements. b. unrelated goods. c. substitutes. d. social goods.