What occurs in the second stage of economic development?
A) Most of the labor force works in agriculture.
B) The service sector comes to the forefront.
C) The manufacturing sector declines in importance.
D) Manufacturing gains in importance and employs a large portion of the labor force.
D
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Which of the following is NOT part of a risk characterization?
a. a qualitative component that includes a description of the hazard b. a monetary component that assigns a dollar value to the risk c. a quantitative component that gives the magnitude of the risk d. an integrated analysis of the overall risk assessment process
Which of the following is likely to happen due to a contractionary monetary policy?
A) An increase in the inflation rate B) An increase in labor supply C) An increase in the federal funds rate D) An increase in labor demand
Suppose the country of Tiny Town decided to open its borders to free trade. As a result, a number of its workers lost their jobs to international competition and can't find new jobs because their skills don't match what is required for job openings
The workers who lost their jobs and searched for new ones are best be considered part of A) frictional unemployment. B) structural unemployment C) cyclical unemployment. D) discouraged workers.
The level of crowding out associated with a tax cut will be smaller if the tax change has a supply-side effect than it will be if it only has a demand-side effect
Indicate whether the statement is true or false