The extent of job creation and job destruction is
What will be an ideal response?
what we would expect in a vibrant market system.
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Which of the following is true of the natural rate of unemployment?
A) The actual rate of unemployment is higher than the natural rate of unemployment during a recession. B) The natural rate of unemployment excludes long-term structural unemployment. C) The natural rate of unemployment is the socially optimal or desirable rate of unemployment. D) The natural rate of unemployment excludes frictional unemployment.
When an investor buys a corporate bond
A) the face value of the bond is equal to what the investor paid for the bond. B) the investor becomes part owner of the corporation. C) the principal of the bond is a loan to the corporation. D) the interest made on the bond represents the bondholder's limited liability in the company.
In the circular flow diagram, which of the following is true in resource or factor markets?
(a) Households buy resources from business firms. (b) Households sell products to business firms. (c) Households sell resources to business firms. (d) Business firms and households resources are unlimited.
Consider the production possibilities frontier displayed in the figure shown. Which points are efficient and attainable with existing resources?
A. Only point A. B. Only point B. C. Points A, C, and D. D. Points A and D.