Sources of market failure include
A. imperfect information.
B. private goods.
C. inflation.
D. perfect competition.
Answer: A
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If unemployment is at the natural rate, then there
A) is no cyclical unemployment. B) is no frictional unemployment. C) will be cyclical and frictional unemployment but not structural unemployment. D) will be only cyclical unemployment.
A student who just graduated from college but has not found a job would most likely be
A) cyclically unemployed. B) frictionally unemployed. C) seasonally unemployed. D) structurally unemployed.
Among the impediments to the international mobility of capital are
a. restrictions on foreign ownership. b. fear of nationalization or political instability. c. fluctuations in exchange rates. d. All of the above are correct.
Information plays an important role in asset pricing because it allows the buyer to more accurately judge
A) liquidity. B) risk. C) capital. D) policy.