The natural rate of unemployment consists of frictional unemployment plus structural unemployment
Indicate whether the statement is true or false
TRUE
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Which of the following businesses have limited liability?
A) Mainline Texaco, a gas station downtown with Frank Jones as proprietorship B) Fakker, Chayse, and Blaimm, partners in medical malpractice law C) StrideRite Shoe Company, Inc., a corporation that produces shoes D) Both answers B and C are correct.
A fully funded pension liability is one in which
A) the Pension Benefit Guaranty Corporation insures full benefit payments. B) enough money has been set aside to ensure that the promised pension can be paid out after allowing for interest payments. C) the yield on the pension fund is equal to the inflation rate. D) corporation pension contributions are equal to employee contributions.
Suppose the production function for T-shirts can be represented as q = L0.25 K0.75. When K = 1 and q = 2, what is the slope of the isoquant? If there is insufficient information to answer the question, describe what information is needed
What will be an ideal response?
If the capital-labor ratio is below the steady-state value, investment is ________ than break even investment, and the capital-labor ratio ________
A) greater; increases B) greater; decreases C) less; increases D) less; decreases