Each person who is 16 years or older is considered to be in one of the following categories:
A. employed, unemployed, or discouraged worker.
B. employed, unemployed, or out of the labor force.
C. part-time worker, full-time worker, or unemployed.
D. part-time worker, full-time worker, or out of the labor force.
Answer: B
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The slope of a curve measures
A) only the change in the horizontal variable. B) the length of the curve. C) only the change in the vertical variable. D) the change in one variable in response to the change in the other variable.
Referring to Figure 19.1, if the exchange rate is currently 14 pesos per dollar, then we expect the dollar to ________ and the peso to ________
A) depreciate; appreciate B) depreciate; depreciate C) appreciate; appreciate D) appreciate; depreciate
A leftward shift of the BP schedule co the result of an
a. exogenous rise in import demand. b. exogenous fall in export demand. c. increase in the foreign demand for capital. d. increase in the foreign interest rate. e. both a and b.
A corporation’s income is taxed
A. on a quarterly basis. B. when the returns are distributed to its owners. C. at very low rates to compensate for its unlimited liability. D. at the corporate level and at the level of its stockholders.