A person is considered "employed" if and only if she:
A. wants to work.
B. works full time.
C. has a job that she is satisfied with.
D. has a job.
Ans: D. has a job.
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The Hirschman-Herfindahl index (HHI) in an industry is 50. A merger is proposed that will raise the HHI to 100. In this case, the
A) Sherman Act will prohibit the merger. B) Federal Trade Commission will challenge the merger. C) Federal Trade Commission will not challenge the merger. D) rule of reason will prevent the merger if it represents a horizontal merger.
Bank's make their profits primarily by issuing
A) equity. B) negotiable CDs. C) loans. D) NOW accounts.
Fraudulent practices and other abuses of private pension funds led Congress to enact the
A) FDIC Act. B) Federal Reserve Act. C) FHLBS. D) Employee Retirement Income Security Act.
Countries that have indexed most contracts, wages, and interest rates to inflation have managed to sustain solid levels of economic growth for sustained periods with levels of inflation at ________, which would sound high by recent U.S. standards.
a. 10 percent to 30 percent per year b. 30 percen to 40 percent per year c. 5 percent to 10 percent per year d. 40 percent to 50 percent per year