The natural unemployment rate increased significantly during the 1980s and the 1990s
Indicate whether the statement is true or false
FALSE
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Whether or not people have identical tastes, the net value that the marginal user receives from a common property is
a. positive. b. zero. c. negative. d. uncertain.
The percentage of the people of working age who have jobs is called the ________
A) labor force B) inverse of the unemployment rate C) employment-to-population ratio D) employment-to-working-age-population ratio
Bonds with relatively low risk of default are called ________ securities and have a rating of Baa (or BBB) and above; bonds with ratings below Baa (or BBB) have a higher default risk and are called ________
A) investment grade; lower grade B) investment grade; junk bonds C) high quality; lower grade D) high quality; junk bonds
For a competitive firm experiencing diminishing marginal productivity, the value of the marginal product (i) increases when the price of output decreases. (ii) changes when marginal product changes. (iii) diminishes as the number of workers rises
a. (i) and (ii) b. (i) and (iii) c. (ii) and (iii) d. All of the above are correct.