In an economy, 23 million people are employed and 2 million are unemployed, but 5 million part-time workers would prefer full-time work. What is the unemployment rate?
A) 23.2 percent
B) 6.7 percent
C) 8 percent
D) 25 percent
C
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Most economists argue that an effective monetary policy would
a. create money faster during recessions and more slowly during booms. b. create money faster all the time. c. create money more slowly all the time. d. create money faster during booms and more slowly during recessions. e. create money slowly during booms and not at all during recessions.
Market share is the percentage of total output produced by a single firm.
Answer the following statement true (T) or false (F)
When market failures occur
A) the invisible hand will correct for the market failures. B) the price system will correct the market failures. C) buyers and sellers will correct the market failures. D) the government can step in to correct the market failures.
When United States residents acquire assets abroad, they are in essence
A. borrowing money, and foreign debts to the United States decrease. B. lending money, and foreign debts to the United States decrease. C. borrowing money, and foreign debts to the United States increase. D. lending money, and foreign debts to the United States increase.