Because of fixed interest rates, there is no risk involved with holding government bonds
a. True
b. False
Indicate whether the statement is true or false
False
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At the equilibrium price, deadweight loss is:
a. minimized. b. zero. c. maximized. d. equal to the equilibrium price multiplied by the quantity exchanged.
If the owner of a nonrenewable resource expects his profits to be high in future, he will abstain from resource extraction in the present period
a. True b. False Indicate whether the statement is true or false
The normal life cycle pattern of income
a. contributes to more inequality in the distribution of annual income and to more inequality in living standards. b. contributes to more inequality in the distribution of annual income, but it does not necessarily contribute to more inequality in living standards. c. contributes to less inequality in the distribution of annual income and to less inequality in living standards. d. has no effect on either the distribution of annual income or on living standards.
If I voluntarily end my employment, the Bureau of Labor Statistics would consider me to be
A. a job leaver. B. a discouraged worker. C. a reentrant. D. a job loser.