Changes in general economic conditions usually produce:
A. lower risk premiums.
B. risk reduction.
C. idiosyncratic risk.
D. systematic risk.
Answer: D
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Which of the following statements is true?
A) Technological innovation can cause unemployment in a country as a whole. B) Technological innovation always complements labor. C) Technological innovation can cause unemployment in a single industry. D) Technological innovation always substitutes labor.
There are at least ______ factors in addition to price that affect demand.
a. three b. four c. five d. two
Answer the following statements true (T) or false (F)
1. The point where the supply curve and the demand curve cross is called the equilibrium. 2. Good weather is an example of a natural condition that affects supply for salmon fishing. 3. The equilibrium quantity is the common quantity where the amount of the product consumers want to buy (quantity demanded) is equal to the amount producers want to sell (quantity supplied). 4. Laws that governments enact to regulate prices are called price barriers. 5. One typical way that economists define efficiency is when it is possible to improve the situation of one party without imposing a cost on another.
In the insider-outsider theory:
A. outsiders are workers who retain employment during recession. B. insiders are managers who have more information about their firm's performance than outsiders. C. insiders are "principals" and outsiders are "agents." D. outsiders are laid-off workers and other qualified unemployed workers.