Which of the following is NOT considered to be in the labor force?
A) a student who works part-time
B) a person who is not working but who has tried to find a job in the past week
C) a person who is waiting to start a new job in the next 30 days
D) a person who is not working and who has not tried to find a job
D
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For most firms, economic profit is:
a. less than accounting profit. b. equal to accounting proft c. greater than accounting profit. d. negative
An appreciation of the Mexican peso relative to the U.S. dollar would ________ Mexican firms that are exporting goods to the United States and would ________ Mexican firms that have borrowed in U.S. dollars
A) help; help B) help; hurt C) hurt; help D) hurt; hurt
Which of the following make(s) insurance premiums higher than otherwise?
a. adverse selection and moral hazard b. adverse selection, but not moral hazard c. moral hazard, but not adverse selection d. neither adverse selection nor moral hazard
Formation of trade blocs can be considered beneficial because it
A. diverts world trade from low-cost producers to high-cost producers by encouraging too much trade within blocs. B. causes international friction when certain countries are let in the bloc and others are left out. C. encourages purchases from higher-cost producers. D. encourages increased total trade by each member country.