The burden of unemployment is
A. endured better by people with substantial savings.
B. fully measured by the monetary cost computed in the GDP gap.
C. borne equally by all unemployed people.
D. completely offset by the federal unemployment insurance program.
Answer: A
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When there are credit-market imperfections, an increase in government debt may be advantageous because it
A) discourages credit-constrained consumers from borrowing too much. B) allows credit-constrained consumers to consume more. C) eliminates the problems that cause credit-market imperfections. D) encourages more private saving.
A property right _____
a. gives the owner the right to do whatever she pleases with the property b. applies to homes and cars, but not to other types of property c. does not free an individual from related obligations d. is limited by a person's ability to protect it from predators
________ start new economic enterprises, while ________ run the enterprises on a day-to-day basis.
A. Entrepreneurs; managers B. Mangers; entrepreneurs C. Entrepreneurs; laborers D. Mangers; laborers
All of the following are nominal quantities except the:
A. wages paid to workers at a restaurant. B. cost of purchasing a new computer. C. number of houses built in one month. D. price of a new car.