Unemployment insurance increases frictional unemployment
a. True
b. False
Indicate whether the statement is true or false
True
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How are the fundamental economic decisions determined in North Korea?
A) The United Nations decides because North Korea is a developing economy. B) These decisions are made by the country's elders who have had much experience in answering these questions. C) Individuals, firms, and the government interact in a market to make these economic decisions. D) The government decides because North Korea is a centrally planned economy.
Describe the U.S. Social Security system and explain how it is funded.
What will be an ideal response?
The supply curve reflects the
a. inverse relationship between price and quantity offered b. positive relationship between demand and supply c. negative relationship between price and quantity bought d. positive relationship between price and quantity bought e. positive relationship between price and quantity offered
The expected stream of rental income is capitalized into value by converting expected future cash flows into present value through a process called:
A. amortization B. discounting C. compounding D. accounting