If the unemployment rate is 6.2% and the number of people employed is 200,000, the labor force is approximately
A. 210,970 people.
B. 212,400 people
C. 213,220 people.
D. cannot be determined from this information.
Answer: C
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If the Fed adopts a policy of pegging the interest rate, a ________ in government spending forces the Fed to increase the money supply to prevent interest rates from ________
A) fall; increasing B) fall; decreasing C) rise; decreasing D) rise; increasing
Economics is the study of how people cope with: a. fluctuations in stock prices. b. greed
c. limited human wants. d. limited resources.
A corporation may be reluctant to raise capital by issuing stock because
a. issuing stock to obtain money for investment is riskier than selling bonds. b. holders of already-existing stock will gain more voting power in the corporation. c. obtaining government permission to issue stock can be time-consuming and expensive. d. All of the above are correct.
The results of the ultimatum game illustrate that
a. people's behavior is often driven by an innate sense of fairness. b. homo economicus is a good description of people's behavior. c. self-interest brings out the most efficient economic outcome. d. people will always prefer a small gain to no gain.