The increase in unemployment associated with a recession is called:
a. frictional unemployment.
b. discouraged unemployment.
c. cyclical unemployment.
d. structural unemployment.
c
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According to the graph shown, if this were depicting an autarky, the amount being bought domestically is:
This graph demonstrates the domestic demand and supply for a good, as well as the world price for that good.
A. 60 at $10 each.
B. 60 at $17 each.
C. 115 at $14 each.
D. 150 at $10 each.
Incentive-based regulations tend to be more efficient than command-and-control regulations
a. True b. False Indicate whether the statement is true or false
Suppose Country A and Country B are each other's only trading partners. Country A exports more goods and services to Country B than it imports from it. Which of the following statements is true of the given scenario? a. The GDP of Country A will be positively affected by this trade relationship, while the GDP of Country B will be negatively affected by it. b. The GDP of Country A will be
negatively affected by this trade relationship, while the GDP of Country B will be positively affected by it. c. The GDP of both countries will increase as an effect of this trade relationship. d. The GDP of both countries will decrease as an effect of this trade relationship.
Consumers are most satisfied when
A. all of their income has been saved. B. the total level of utility is as high as possible. C. they save more than they spend. D. goods are bought "on sale."