Ginger quits her job as personal secretary to the Vice President of HR Technologies because she cannot handle the stress. It takes her three weeks to find a job as a receptionist at Mariam Hotels and Resorts. Over these three weeks, she would be considered frictionally unemployed
a. True
b. False
Indicate whether the statement is true or false
True
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As healthy people leave an insurance pool, premiums rise, which cause more people to leave the pool and even higher premiums. This describes
A) moral hazard. B) the reversibility paradox. C) irrational pricing. D) a premium death spiral.
In order to enjoy a rising standard of living standard, a nation's capital stock must grow faster than
a. the rate of depreciation b. the rate of inflation c. its population d. its financial assets e. its overall rate of economic growth
Since the mid-1980s, the dollar's value has fallen from over 300 yen per dollar to about 136 yen per dollar. This trend might be explained by:
A. Japanese purchases of U.S. dollars. B. lower interest rates in Japan. C. lower inflation in Japan. D. higher economic growth in Japan.
Answer the following statements true (T) or false (F)
1) A system of fixed exchange rates is more likely to result in exchange controls than is a system of flexible (floating) exchange rates. 2) A nation that imports more goods and services than it exports is necessarily realizing an international balance of payments deficit. 3) The United States has had significant trade and current account surpluses in recent years. 4) A current account deficit will reduce U.S. foreign indebtedness.