American unemployment was lower than most European nations in the last decade because
A. the U.S. experienced a booming economy throughout the 1990s while European economies were stagnant.
B. in Europe there is no longer much of a stigma attached with being unemployed.
C. unemployment benefits are much more generous in Europe than in the U.S.
D. All of the choices are correct.
D. All of the choices are correct.
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Saving for protection against unexpected setbacks-such as the loss of a job or a medical emergency-is called ________ saving.
A. life-cycle B. precautionary C. bequest D. public
________ are documents that represent agreements between two or more parties about rights to payments of money
Fill in the blank(s) with correct word
The concept of double coincidence of wants refers to the fact that:
a. for a financial asset to be exchanged, it needs to be priced correctly. b. for barter to take place, both parties must accept what the other party has to offer. c. people can never exactly agree on an equilibrium price. d. different people value goods differently. e. for barter to take place, both parties must have equal quantities of the same good.
U.S. exports are $300 billion, U.S. imports are $500 billion. Which of the following are consistent with the level of net exports?
a. The U.S has a trade surplus. The U.S. purchases $800 billion worth of foreign assets and foreign countries purchase $600 billion worth of U.S. assets. b. The U.S. has a trade surplus. The U.S. purchases $600 billion worth of foreign assets and foreign countries purchase $800 billion worth of U.S. assets. c. The U.S has a trade deficit. The U.S. purchases $800 billion worth of foreign assets and foreign countries purchase $600 billion worth of U.S. assets. d. The U.S. has a trade deficit. The U.S. purchases $600 billion worth of foreign assets and foreign countries purchase $800 billion worth of U.S. asset.