In the year 2003, with people focusing on television, the Internet, and talk show radio for their news and entertainment, the unemployed printing press operator is an example of
a. structural unemployment
b. concealed unemployment
c. frictional unemployment
d. underemployment
e. cyclical unemployment
A
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The current account balance is equal to
A. Exports minus imports. B. The trade balance times unilateral transfers. C. The trade balance plus unilateral transfers plus net investment income. D. Imports minus exports.
Which of the following is true of an import quota?
a. is a tax of imported goods b. limits quantity of imports allowed into a country c. will decrease the price of imported goods d. will raise revenue for the government e. helps to address a balance of trade surplus
In recent years the economy of Japan has grown, despite the fact that the population of Japan has declined. Which of the following would best explain Japan's economic growth despite having a smaller population?
What will be an ideal response?
When a government moves from a centrally planned economy to a market economy, this is an example of ________ policy.
A. monetary B. structural C. aggregation D. fiscal