Unemployment caused by people voluntarily leaving their jobs is classified as
A) part-time unemployment.
B) cyclical unemployment.
C) frictional unemployment.
D) seasonal unemployment.
C
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The single best indicator of the degree of economic inequality in a country is the
a. top/bottom ratio b. Gini coefficient c. poverty rate d. Kuznets curve e. bell curve
If Capital Appliances advertises a 60 day low-price guarantee that will refund any of its customers the difference between the price they paid for an appliance and a lower price offered by Capital Appliances for the same appliance, this is an example of ________.
A) price visibility B) a most-favored-customer clause C) a meet-or-release clause D) a meet-the-competition clause
Economists use different definitions of money because:
A. there are differences in the frequency with which depositors use their accounts. B. deposits can be domestic or international. C. deposits may be held at banks or savings and loans. D. it is not always clear which assets are used primarily as money.
Which one of the following is an example of a normative statement?
A. Hotels in Colorado are more expensive than are hotels in Hawaii. B. The hotel vacancy rate in Hawaii will increase as airfares to Hawaii increase. C. A vacation in Colorado is better than a vacation in Hawaii. D. The busiest tourist month in Colorado is July.