The pattern of generally __________ unemployment rates in Europe is typically attributed to the fact that European economies have a higher natural rate of unemployment.
a. lower
b. higher
c. stagnant
d. rampant
b. higher
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What factor, more than anything else, tends to make people wealthy?
A) Time B) Money C) Productive knowledge D) Control over non-renewable resources E) The ability to day-trade internet-related stocks
Because prices are sticky, positive demand shock will lead to
A. No change in unemployment B. An increase in unemployment C. A decrease in unemployment D. An unpredictable change in unemployment
One difference between stocks and bonds is that
A) stocks do not involve a promise to repay a purchaser of the stock, while bonds represent a promise to repay the purchase price of the bond. B) stocks represent ownership in companies, while bonds represent ownership in banks. C) stocks are financial securities, while bonds are labor market securities. D) stocks are usually issued in electronic form, while bonds are usually issued in paper form.
Why does each of these gas stations have so little control over the price of the gasoline they sell?
What will be an ideal response?