The market mechanism satisfies all consumer desires and maximizes business profits.
Answer the following statement true (T) or false (F)
False
Not everyone gets full satisfaction from the market equilibrium.
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The Eurodollar market's early growth was stimulated by the Cold War between the United States and U.S.S.R. Why?
A) Soviets feared the U.S. might confiscate dollars place in American banks if conditions of Cold War were to worsen. B) The United States didn't feel safe holding as many dollars in American banks. C) The Cold War did not stimulate the Eurodollar market's early growth. D) Developing technologies required larger money transfers than central banks could handle. E) Soviets developed a new banking system with new allies developed during the tension.
Which of the following offers an example of structural unemployment?
a. The rise in unemployment for stable workers after the development of gasoline-powered automobiles and the resulting long-term decline in horse-and- buggy transportation. b. The rise in unemployment among farm workers after harvest. c. The unemployment associated with workers changing jobs. d. The increase in unemployment during recessions.
If a person chooses self-sufficiency, then she can only consume what she produces
a. True b. False Indicate whether the statement is true or false
?Kites /hourSnowboards /hourJesse81April123
Consider two individuals, Jesse and April, who hand paint kites and snowboards. Table 3.1 shows how much of each good Jesse and April can paint in one hour. April's opportunity cost of painting one snowboard is painting:
A. 1.5 kites. B. 3 kites. C. 4 kites. D. 12 kites.