Which of the following people would be considered unemployed by the Bureau of Labor Statistics?
I. Mrs. X retires from her job and does not look for another job.
II. Mr. Y was laid off from his job as a welder, but expects to be rehired in 8 months.
A) I only
B) II only
C) Both I and II
D) Neither I nor II
B
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Julie is the chief executive officer (CEO) of the Black Gold Corporation and is also on the company's board of directors. Julie is considered ________ of the corporation
A) an outside director B) a stockholder C) an owner D) an inside director
When prices for goods and services are quoted in money terms, this is an example of money being used as a store of value
a. True b. False Indicate whether the statement is true or false
Suppose Hillary values a large order of French fries at $4 . Bill values a large order of French fries at $7 . The pre-tax price of a large order of French fries is $2 . The government imposes a "fat tax" of $3 on each large order of French fries, and the price rises to $5 . The deadweight loss from the tax is
a. $4, and the deadweight loss comes from both Hillary and Bill. b. $4, and the deadweight loss comes only from Hillary because she does not buy a large French fries after the tax. c. $2, and the deadweight loss comes from both Hillary and Bill. d. $2, and the deadweight loss comes only from Hillary because she does not buy a large French fries after the tax.
If the unemployment rate rises, which policies would both be appropriate to reduce it?
a. increase taxes, increase government spending b. increase taxes, decrease government spending c. decrease taxes, increase government spending d. decrease taxes, decrease government spending