The three types of unemployment are
A) voluntary, involuntary, and structural.
B) voluntary, part-time, and cyclical.
C) frictional, part-time, and involuntary.
D) frictional, structural, and cyclical.
D
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Which of the following is NOT a reason for differences in per capita income in neoclassical growth theory?
A) All countries have the same production function. B) Countries have different savings rates. C) The slope of the steady-state investment line is different for different countries. D) All of the above.
According to the text, Zambia faces decreasing living standards because
a. it is hoarding gold b. the kwacka is rising in value relative to the dollar c. it has a positive balance on its current account d. it has taken steps to reduce its international debt e. its debt service is relatively high
The bid-ask spread:
a. Shows the relative value of two currencies. b. Shows the relative value of three or more currencies. c. Is determined by the government. d. Is usually zero due to efficient markets. e. Represents the profit margin of the financial institution.
The effect of the Black Death in 14th-century Europe was to
a. decrease wages. b. increase land rents. c. reduce income inequality between peasants and the landed classes. d. Both a) and b) are correct.