The economy is said to be fully employed when there is no:
A. structural unemployment.
B. frictional unemployment.
C. unemployment.
D. cyclical unemployment.
Answer: D
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If the Federal Reserve conducts an open market sale, the:
A. interest rate will not change. B. interest rate will increase. C. interest rate will decrease. D. money supply is increased.
Figure 7.5
The consumer must decide how to split $20 between spending and saving.Refer to Figure 7.5. If the consumer is subject to present bias, he/she will maximize utility at a marginal utility per dollar of ________ utils for consumption and ________ utils for saving.
A. 15; 15 B. 15; 30 C. 30; 15 D. 30; 30
A tie-in sale is when two firms merge together and are essentially tied together.
Answer the following statement true (T) or false (F)
Which of the following is NOT an advantage of a partnership?
A. Profits are subject to only personal taxation. B. permits more effective specialization in occupations C. limited liability D. easy to form