According to the natural rate hypothesis, the unemployment rate should equal 0 percent in the long run
a. True
b. False
Indicate whether the statement is true or false
False
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When the interest rate is R, the formula for finding the future value of $M two years from now is
A) M (1 + R)2. B) M (1 + R2). C) M / (1 + R)2. D) M / (1 + R2).
Which of the following could reduce economic efficiency?
a. laws that encourage lawsuits b. policies that redistribute income c. policies that impose significant restrictions on international trade d. All of the above are correct
Robert Nozick criticizes Rawls's concept of justice by using an example of
a. minimum wage laws. b. the grade distribution in a class. c. a leaky bucket. d. the price of tea in China.
What is the percent reduction in import quantity in a country due to the tariffs imposed by the government, if the country's import tariffs are all 10 percent, the total imports affected by the tariffs are 40 percent of the GDP, and the net national loss from the tariffs as a percentage of GDP is 0.6 percent?
A. 30% B. 40% C. 20% D. 10%