Refer to the information provided in Figure 2.2 below for the economy of Microland to answer the question(s) that follow.
Figure 2.2Refer to Figure 2.2. Point B represents a situation of
A. full employment but production inefficiency.
B. less than full employment but production efficiency.
C. less than full employment and production inefficiency.
D. both full resource employment and production efficiency.
Answer: D
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In the above, which figure shows a linear relationship?
A) Figure A B) Figure B C) both Figure A and Figure B D) neither Figure A nor Figure B
Explicit provisions in a loan agreement that prohibit the borrower from engaging in certain activities is called:
A) credit rationing B) restrictive covenants C) credit-risk analysis D) adverse selection
Entrepreneurs are usually found in smaller firms
Indicate whether the statement is true or false
When health insurance is purchased primarily through one's employer,
a. direct purchase of health insurance becomes cheaper. b. the benefits of the healthcare insurance are fully taxable. c. it is more costly for employees to switch jobs and move to areas where jobs are available. d. the overall number of people without health insurance decreases.