Insurance companies do NOT cover losses that would
A) happen to all of the policyholders at once.
B) happen with a very low probability.
C) happen to just a handful of policyholders.
D) happen with uncertainty.
A
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A government budget deficit occurs during a budget year when
A) tax revenues > government spending. B) tax revenues < government spending. C) tax revenues = government spending. D) tax revenues + government spending = personal consumption.
Which of the following is NOT considered to be in the labor force?
A) a student who works part-time B) a person who is not working but who has tried to find a job in the past week C) a person who is waiting to start a new job in the next 30 days D) a person who is not working and who has not tried to find a job
Which of these policy rule variables does NOT have the disadvantage of being hard to control?
A) nominal GDP growth B) high-powered money C) the unemployment rate D) the inflation rate
Compared to pure competition, monopolistic competition:
A. provides greater product differentiation at the cost of some excess capacity. B. offers less product differentiation but attains equal productive efficiency. C. offers less product differentiation and lower productive efficiency. D. provides greater product differentiation and achieves greater productive efficiency.