National debt is the result of previous budget deficits.
Answer the following statement true (T) or false (F)
True
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The sum of the current account, the capital account, and the official reserve transaction account is
A) always positive. B) always negative. C) positive when exports are greater than imports. D) zero.
In a winner-take-all labor market,
a. anyone who is hired at any wage is a winner b. any firm that can hire a worker is a winner c. a few key people critical to the overall success of the enterprise are rewarded with substantial pay d. the person most critical to the overall success of an enterprise is rewarded with substantial pay, and everyone else is paid the median wage e. only one worker is paid
The joining of two or more firms competing in the same market with the same good or service:
a. Stockholm enterprise b. partnership c. vertical merger d. horizontal merger e. Pineapple Ring
You recently graduated from college and you are actively looking for employment. The economy has completely recovered from the last recession and you are taking your time looking for the "perfect" job. In the meantime, the unemployment you are experiencing is categorized as
A. structural. B. cyclical. C. frictional. D. seasonal.