The job finding rate
A. equals 1 minus the job loss rate.
B. remains constant over the business cycle.
C. rises in expansions.
D. rises in recessions.
Answer: C
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Two nations can produce computers and software in the amounts given in the table above
Does either nation have an absolute advantage in producing the products? Which nation has a comparative advantage in computers? Which nation has a comparative advantage in software? Explain your answers.
Because official price indexes do not account for some improvements in product quality, official estimates of real GDP overestimate the true increase in real output.
Answer the following statement true (T) or false (F)
Answer the following statement(s) true (T) or false (F)
1. Achieving cost-effectiveness means that the present value of costs (PVC) is minimized for some pre-established benefit goal. 2. To achieve allocative efficiency, the present value of net benefits (PVNB) must be minimized. 3. In conducting a benefit-cost analysis, it is more difficult to assign a dollar value to costs than to benefits. 4. Selecting the social discount rate is among the issues debated in the use of benefit-cost analysis for public policy evaluation.
Public funding is not a part of colonial history
Indicate whether the statement is true or false