Anna recently graduated from college with a degree in electrical engineering, but she has not yet started working. To be counted as "unemployed" she
a. does not have to have looked for work.
b. must have looked for work no more than a week ago.
c. must have looked for work no more than four weeks ago.
d. must have looked for work no more than twelve weeks ago.
c
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The primary deficit is equal to
A) outlays - tax revenues. B) government purchases + transfers + net interest - tax revenues. C) outlays + net interest - tax revenues. D) government purchases + transfers - tax revenues.
Given the information in Scenario 4.3, erasers are:
A) a normal good. B) an inferior good. C) neither normal nor inferior. D) complements. E) necessities.
The most common form of business organization, as far as the number of such firms in business, is the
A) proprietorship. B) partnership. C) corporation. D) S corporation.
The United States need never pay off the national debt; it can simply refinance the debt when it comes due. The flaw in thinking that the government must pay it off is based on the fallacy of
a. benefit-cost ratio. b. post hoc, ergo propter hoc. c. composition. d. a priori expectations.