Which type of unemployment is a permanent and healthy phenomenon in a dynamic economy?
A) cyclical
B) avoidable
C) structural
D) frictional
E) unavoidable
D
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For the settlement of futures contracts, the clearing corporation requires that a margin be placed with the corporation by
A) the short position only. B) the long position only. C) the short and the long in all contracts. D) the short and the long only in extraordinary circumstances.
The Federal Reserve econometric model emphasizes the impact of the wealth effect on
A) consumption. B) government spending. C) business investment. D) exports.
People who call for creating a "level playing field" believe that:
a. a country with relatively low wages is typically a country with an abundance of low-skilled labor. b. trading on the basis of comparative advantage benefits both domestic and foreign firms. c. creating a "level playing field" undermines the basis for specialization and economic efficiency. d. production in accordance with comparative advantage is unfair. e. free trade allocates the scarce resources in an efficient way.
Intertemporal decisions are
a. decisions in one period of time. b. decisions over time. c. decisions made without thinking about time. d. decisions involving infinity.