Catherine quit her job in order to look for a new one; therefore, she is best considered as
A) frictionally unemployed.
B) structurally unemployed.
C) cyclically unemployed.
D) seasonally unemployed.
A
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If housing prices are expected to increase, then, other things equal, the demand for houses will ________ and that of Treasury bills will ________
A) increase; increase B) increase; decrease C) decrease; decrease D) decrease; increase
all of the following statements about central bank are true except it
A) is a public authority B) regulates a nation's depository institutions C) accepts personal deposits D) controls the quantity of money
As a result of a conviction under the Sherman Antitrust Act, Standard Oil of New Jersey
A. was broken up into many smaller companies. B. was fined for its extensive price discriminating activity. C. was restrained from oil exploration for twenty-five years, which enabled other oil firms to assume leadership in the industry. D. went bankrupt and no longer is in existence.
If the Herfindahl-Hirschman Index of an industry is greater than 1,800, then the Antitrust Division of the Justice Department
A. will not challenge any merger. B. considers the industry moderately concentrated. C. considers the industry unconcentrated. D. will challenge any merger that raises the index by more than 50 points.