Which of the following events will cause the unemployment rate to increase?
A. an increase in population, with no change in the size of the labor force
B. a proportionally equal increase in the labor force and the number of unemployed workers
C. an increase in the labor force with no change in the number of employed workers
D. an increase in the number of employed workers with no change in the number of unemployed workers
Ans: C. an increase in the labor force with no change in the number of employed workers
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Suppose your expenses for this term are as follows:
tuition: $5,000, room and board: $3,000, books and other educational supplies: $500. Further, during the term, you can only work part-time and earn $4,000 instead of your full-time salary of $10,000. What is the opportunity cost of going to college this term, assuming that your room and board expenses would be the same even if you did not go to college? A) $5,500 B) $8,500 C) $11,500 D) $14,500
A ________ is a provision that restricts or specifies certain activities that a borrower can engage in
A) residual claimant B) risk hedge C) restrictive barrier D) restrictive covenant
If the market interest rate is 5% and a bank advertises loans at 12%, the bank will receive
A) no applications. B) applications from mostly low-risk borrowers. C) applications from mostly high-risk borrowers. D) a moral hazard.
The revenue that the federal government collects from payroll taxes is earmarked to pay for
a. national defense and income security (welfare) programs b. national defense and Medicare c. Social Security and public schools d. Social Security and Medicare