An unemployment rate of 10% means that the employment rate is 90%.
Answer the following statement true (T) or false (F)
True
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The effect of trade on specialized employees of import-competing industries will be ________ jobs and ________ pay because they are relatively ________
A) fewer; lower; immobile B) fewer; lower; mobile C) more; lower; immobile D) more; higher; mobile E) more; higher; immobile
"Insider trading" laws are meant to prevent
A) the executives of a corporation from holding a majority of its outstanding shares. B) buying or selling shares based on information not available to the public. C) foreign investors from gaining controlling interest in U.S. corporations. D) the issuing of bonds for the purpose of buying stock.
Which of the following situations is an example of bank mismanagement?
a. Bank W decreasing its rate of interest below the rate set by the Fed to attract more borrowers b. Bank X charging high fees on the processing of loans and checks c. Bank Y refusing loans to all clients who have an asset value below 25,000 d. Bank Z providing loans only to large corporate houses with a high net worth
Arrow's impossibility theorem shows that no voting system can satisfy which of the following properties?
a. unanimity and transitivity only b. transitivity and independence of irrelevant alternatives only c. no dictators and transitivity only d. unanimity, transitivity, independence of irrelevant alternatives, and no dictators