A worker is considered part time if the worker
A) is a full-time student without a job.
B) is not employed but is actively looking for work.
C) is not employed and is not actively looking for work.
D) usually works less than 40 hours per week.
E) usually works less than 35 hours per week.
E
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What currency is traded the least in the foreign exchange market?
a. Chinese yuan b. U.S. dollar c. European Union euro d. Japanese yen
Any economic model should be judged primarily on
A. how realistic its assumptions are. B. how easy the model is to use. C. how many aspects of real-world behavior and choices are incorporated in the model. D. how original the model is compared to other models. E. how accurately its predictions match observed behavior.
Answer the following questions true (T) or false (F)
1. Stagflation refers to when the general economy is experiencing a falling unemployment rate and a rising inflation rate. 2. The unemployment of capital can be expressed in terms of the manufacturing capacity utilization rate. 3. The consumer price index or CPI is given by the cost of a standard market basket of goods and services in the current period relative to the GDP implicit price deflator.
Opening this economy to trade would benefit ________ and harm ________.
A. domestic TV producers; domestic TV consumers B. everyone; no one C. no one; everyone D. domestic TV consumers; domestic TV producers