If the economy is operating with full employment, which of the following is essentially eliminated?
a. frictional unemployment
b. structural unemployment
c. cyclical unemployment
d. all of the above
c
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Countries with large current account surpluses might be viewed by the market as candidates for
A) devaluation. B) revaluation. C) bankruptcy. D) depreciation. E) investment.
The recent growth records of Japan and Hong Kong during the last 50 years indicate that a nation can grow rapidly without:
A. securely defined property rights. B. adopting modern technology. C. significant capital formation. D. abundant domestic natural resources.
Which of the following is NOT a part of the path-goal theory?
a. provides a clear path b. helps remove barriers to the problems c. increases the rewards along and at the end of the route d. none of the above
Gross domestic product (GDP) is the total market value of the final goods and services produced by an economy in a one-year period.
Answer the following statement true (T) or false (F)