There is only one firm in a monopoly
Indicate whether the statement is true or false
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In measuring the unemployment rate, part-time workers are ________, and discouraged workers are ________
A) included as employed; included as unemployed B) excluded; included as unemployed C) included as employed; excluded D) excluded; excluded E) included as unemployed if they are involuntary part-time workers; excluded
How are the fundamental economic decisions determined in North Korea?
A) The United Nations decides because North Korea is a developing economy. B) These decisions are made by the country's elders who have had much experience in answering these questions. C) Individuals, firms, and the government interact in a market to make these economic decisions. D) The government decides because North Korea is a centrally planned economy.
The Federal Open Market Committee engages in contractionary monetary policy by
A. buying bonds. B. selling bonds. C. lowering interest rates. D. creating excess reserves.
An advantage of a corporation is
A. the fact that ownership and control are never separated. B. the ability to raise large sums of financial capital. C. the fact that the corporation is dissolved when one of its owners dies. D. unlimited liability on the part of shareholders.