Compared to the natives of Northern America, ownership of private property rights was
(a) more common to the Europeans than it was to the natives
(b) more common to the Indians than to the Europeans.
(c) the same.
(d) of no value to either group.
(a)
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User cost is equal to ________
A) interest cost plus the expected rate of change in the real price of capital plus depreciation B) interest cost minus the rate of depreciation C) interest cost minus the expected rate of change of the real price of capital plus depreciation D) interest cost plus depreciation
The number of unpaid internships is more likely to rise in an economy when the economy is in a recessionary gap and wage rates are constant than when wage rates are falling
Indicate whether the statement is true or false
Which of the following has the least impact on households' saving decisions?
A) the real rate of interest B) the quantity of imports entering the country C) expected future income D) the level of disposable income
The U.S. Department of Labor may underestimate the severity of unemployment for all of the following reasons except
A. discouraged workers are not considered part of the labor force. B. many workers are "underemployed," occupying jobs well below their levels of skills and education. C. surveys of household members are likely to produce a rosier picture of employment circumstances than actually exists. D. Many households earn far less income than they desire. E. part-time workers are grouped among the employed, even though they desire full-time employment.