The banking system operates in such a way that in recessions, when loans (investments) are needed to stimulate economic activity, the system does not generate those loans
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The application of new technologies to the production process will increase:
A. the quantity of human capital. B. the unemployment rate. C. average labor productivity. D. the share of the population employed.
The existence of scarcity in economics comes from
A) resources being limited in supply. B) people being stupid. C) governments being corrupt. D) the rich controlling most resources.
If the number of unemployed workers is 19 million, the number in the working-age population is 500 million, and the unemployment rate is 4%, what is the labor force participation rate?
A) 4.75% B) 7.8% C) 95% D) 96.2%
Indifference curves cannot ever be concave for two goods
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