Which of the following is true of an economy at full employment?
A. There is no job turnover in the economy.
B. The unemployment rate in the economy is equal to the natural rate of unemployment.
C. The economy's labor and capital are not fully utilized.
D. An increase in price level increases the full-employment level of output.
Answer: B
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Under a modified wage plan, an employee earns $1.55 for each finished unit and is guaranteed $18 per hour as a minimum wage. If the daily quota is 96 units, on a particular day when an employee completes 90 units and works 8 hours, the amount of the make-up guarantee will be:
a. $18.00 b. $9.00 c. $4.50 d. $13.50
Herbert gained most of the capital for his new start-up project by posting a small demonstration of his product on a website that he created especially for the project. Many people showed genuine interest in his product and donated money to help him launch it. In the given scenario, Herbert:
A. received money for his venture through crowdfunding. B. received money for his venture from angel investors. C. was able to fund his project through venture capital. D. was able to fund his project through seed money.
A common focus of financial statement users in evaluating a company's performance and financial condition includes evaluating its (1) ________, (2) ________, and (3) ________.
What will be an ideal response?
Much ambiguity exists in defining Big Data
a. True b. False Indicate whether the statement is true or false