A country that is running a budget surplus will not be in debt.
Answer the following statement true (T) or false (F)
False
Debt is accumulated deficits minus accumulated surpluses. A country that has previously run deficits could run a surplus in one year but still have debt accumulated from previous years.
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Suppose there is a shortage of computer programmers, but firms refuse to hire unemployed typists and train them. This is one reason for ________ unemployment
A) turnover B) seasonal C) mismatch D) cyclical
Kara voluntarily quit her job as an insurance agent to return to school full time to earn an MBA degree. With degree in hand, she is now searching for a position in management. Kara presently is
A. structurally unemployed. B. cyclically unemployed. C. not a member of the labor force. D. frictionally unemployed.
?Kites /hourSnowboards /hourJesse81April123
Consider two individuals, Jesse and April, who hand paint kites and snowboards. Table 3.2 shows how much of each good Jesse and April can paint in one hour. Which of the following is true?
A. April has an absolute advantage in painting kites but not snowboards. B. April has an absolute advantage in painting snowboards but not kites. C. April has an absolute advantage in painting both goods. D. April does not have an absolute advantage in painting either good.
Use the figure below to answer the following question.
What is the amount of government revenue after the government imposes the excise tax on the market?
A. $540 B. $162 C. $486 D. $144