Which of the following is NOT a fundamental objective for the performance of a country's macroeconomy?
A. A reasonable and sustainable balance of payments with the rest of the world
B. Interest rates
C. Full employment of resources
D. Price stability
Answer: B
You might also like to view...
In the economy of Iota, 9 people have jobs, 1 person is not working but is searching for work, and 10 people don't work and don't seek work. The unemployment rate is
A) 10 percent. B) 25 percent. C) 33 percent. D) 50 percent. E) none of the above.
If a monopolistically competitive firm is producing 450 units of output and at this output level, the price is $15 and the average total cost is $12, the firm profit/loss is equal to ________.
A) -$1,525 B) $1,350 C) -$1,350 D) $1,525
Which of the following are weaknesses of a command-based economic system?
a. It is not possible for goods to be allocated based on need rather than based on willingness and ability to pay. b. Producers have incentives to innovate because successful innovators are not rewarded with higher profit. c. Since price is set by central planners, price cannot freely adjust to resolve shortages or surpluses based on current supply and demand conditions. d. Answers b. and c. above are correct.
In the past 10 years or so, average real wages of U.S. workers in non agricultural industries have
a. increased about 40 percent. b. increased slightly. c. remained about the same. d. declined.