Which of the following is TRUE of unemployment?
A) It is defined as the number of people actively looking for work who do not have jobs.
B) The result is that the economy operates inside its production possibilities curve.
C) There are psychological consequences associated with unemployment.
D) All of the above.
D
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Refer to the figure below. At a price of $2, the total expenditure on lattes each hour equals: 
A. $60. B. $80. C. $30. D. $40.
When Ferrari sells stock to the public in its IPO, it will do so through the New York Stock Exchange. This is an example of Ferrari raising funds through
A) a financial market. B) reinvesting retained earnings. C) dividend reinvestment. D) a financial intermediary.
Refer to the figure above. If A forms a customs union with C, the value of trade diversion will be
A) $0. B) $10,000. C) $20,000. D) $40,000.
Everything else constant, the international trade effect indicates that aggregate expenditures in the domestic economy fall when:
a. domestic prices fall relative to foreign prices. b. domestic interest rates fall relative to foreign interest rates. c. domestic prices rise relative to foreign prices. d. domestic purchasing power rises relative to foreign purchasing power. e. domestic interest rates rise relative to foreign interest rates.