Oligopolies have few sellers and difficult entry
a. True
b. False
Indicate whether the statement is true or false
True
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At which point is society producing the most output possible with the available resources and technology? (See Figure 1.1.)
A. A. B. B. C. C. D. D.
Current research suggests that countries that adopt a pegged exchange rate may be more vulnerable to an exchange rate crisis
Indicate whether the statement is true or false
After being fired from a job, some people find that it may take several months to find a new job in the same line of work, even when the economy is not in a recession. This is an example of which of the following types of unemployment?
A. Seasonal unemployment. B. Frictional unemployment. C. Cyclical unemployment. D. Structural unemployment.
Households acquire property through
A. inheritance only. B. savings and inheritance. C. supplying labor in the labor market. D. savings only.