Unemployment that naturally occurs during the normal workings of an economy as people change jobs and move across the country is called
A) frictional unemployment. B) natural unemployment.
C) cyclical unemployment. D) structural unemployment.
A
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Some electrical utilities are monopolies because of
A) government restrictions that prevent new firms from entering the market. B) ownership of resources without close substitutes. C) diseconomies of scale. D) their inability to earn profits.
Sam, after taking a $200 loan from the bank to finance an investment that pays $1000 50% of the time and $0 50% of the time at a 100% interest, discovers another riskier investment that pays out $5,000 but only 10% of the time, while the other 90% of the time it pays zero. Would the he want to switch to the riskier investment?
a. Yes because his return has increased b. No because his liability to the bank has increased c. No because his return has decreased d. None of the above
A takeover implies that
a. the common shareholders buy out the bondholders b. the government takes over the corporation c. someone or a group is able to purchase all of the outstanding common stock in a corporation d. the board of directors takes control of the corporation e. a proprietorship sells out to a partnership
From 1800 to 1940, the price level in the United States
A. trended neither upward nor downward. B. declined slowly. C. fluctuated wildly. D. increased slowly.