Who in the adult population is counted as "employed" in U.S. labor statistics?
a. people who are temporarily absent from their job and people who work without pay in a family member's business
b. people who are temporarily absent from their job but not people who work without pay in a family member's business
c. people who work without pay in a family member's business but not people who are temporarily absent from their job
d. neither people who are temporarily absent from their job nor people who work without pay in a family member's business
a
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Which of the following are included in the supply of loanable funds?
I. private saving II. government budget surplus III. international borrowing A) I, II and III B) I and III C) II and III D) I and II
An example of business fixed investment spending is
A) a purchase of a home by a household. B) a purchase of a bond by General Electric Corporation. C) a purchase of a computer by an accounting firm. D) $200 million of unsold cars at a car dealership.
In free exchange among two individuals the position on the contract curve finally arrived at will, among other things, depend on: I. The bargaining strength of each individual. II. The initial endowments of the individuals. III. The individuals' preferences. Which of these correctly completes the statement?
a. Only III. b. Only II. c. I and III, but not II. d. II and III, but not I. e. I, II, and III.
Among development economists, the big-push refers to
a. the traditional process of economic dualism that forces workers to move from low-wage to high-wage sectors b. an integrated network of government-sponsored and financed investments that are introduced to LDCs all at once c. the political instability in LDCs that puts pressure on existing governments to achieve economic goals d. a strategy of limiting international trade in LDCs in order to protect new industries e. a situation in which there are many economists competing for a limited number of jobs advising LDCs