The natural rate of unemployment in the United States generally ________ from 1960 to 1980 and ________ from 1980 to 2000.
A. fell; rose
B. rose; rose
C. rose; fell
D. fell; fell
Answer: C
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Most bank loans are __________ maturity by the bank because of the __________ in monitoring how the borrower maintains his obligations
A) held to; ease B) held to; difficulty C) sold before; ease D) sold before; difficulty
Goods that consumers regard as luxuries generally have
a. an income elasticity equal to 1. b. an income elasticity less than 1. c. an income elasticity greater than 1. d. a negative income elasticity.
One of the limitation of Five Forces is that they
a. Reduce producer surplus b. For one firm to increase profit, the profit of another participant must decrease c. Does not provide a firm with sustainable competitive advantage d. Both b and c
If a corporation earns $1 million in revenues on $750,000 in expenses, including $415,000 from payrolls, and the corporate tax rate is 10 percent with a $100,000 exemption, then the corporate taxes would be
A. $90,000. B. $31,000. C. $25,000. D. $15,000.