Individuals who are not working and are not actively looking for work are counted as unemployed if they have looked for work in the past.
Answer the following statement true (T) or false (F)
False
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Use the following circular flow diagram to answer the question below.
If box A represents businesses or firms, B the resource market, and C households, and if flow (7) represents goods and services, then flow (6) would represent
A. consumption expenditures. B. goods and services. C. money income. D. resources.
Firms use two marketing tools to differentiate their products. What are these two tools?
A) market research and demand estimation B) brand management and advertising C) lobbying and word of mouth D) consumer surveys and market experiments
Unlike the Classical economists, Keynes believed that money could affect real economic activity through its effects on
A) the price level. B) the interest rate. C) savings. D) velocity.
Suppose you purchase a call option to buy IBM common stock at $35 per share in September. The current price of IBM is 37 and the option premium is 4
What is the intrinsic value of the option? As the expiration date on the option approaches, what will happen to the size of the option premium?