Which type of unemployment contributes to the natural rate of unemployment?
A. Unemployment of government workers.
B. Real-wage unemployment
C. Cyclical unemployment
D. All of these contribute to the natural rate.
Answer: B
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All of the following describes Nazi Germany's economic system, except that
A. the ownership of land, labor and capital was in private hands. B. it was highly nationalistic with much of its production directed toward military goods and services. C. the government dictated what was to be produced. D. a major goal was to redistribute income from the wealthy and the middle class to the poor.
Which of the following is not a cause of frictional unemployment?
a. the destruction of manufacturing jobs b. a worker leaving a job to find one with better benefits c. minimum-wage laws d. unemployment insurance
The copyright gives its owner
A. the exclusive right to sell a work of intellectual property. B. the ability to protect its "brand" like Coca-Cola. C. (usually students) the right to make photocopies for friends. D. the exclusive right to sell an invention.
Which of the following situations could generate a shortage?
A. Demand for a good increases, resulting in a new higher market clearing price. B. Demand for a good decreases, resulting in a new lower market clearing price. C. Demand for a good decreases, but the price is not permitted to fall. D. Demand for a good increases, but the price is not permitted to rise.