The informal sector differs from the formal sector in that informal firms tend to
a. be larger
b. be more capital intensive
c. operate more apart from the usual laws and regulations
d. produce goods and services not found elsewhere
e. none of the above
C
You might also like to view...
Needs-tested spending
A) is directing government spending and taxes to states that need the most hel
Suppose the nominal interest rate is 4 percent annually, and you deposit $1,000. Inflation in the economy throughout the year is 5 percent. At the end of the year, you have earned:
A. a real rate of return of 1 percent. B. an increase in your purchasing power. C. a nominal increase in your savings of $40. D. All of these statements are true.
If C represents aggregate consumption, Id represents domestic investments, G represents government expenditures, E represents national expenditures on goods and services, X represents foreign demands for exports, and M represents domestic demand for imports, then aggregate demand for this country equals
A. C + Id + G + (X - M). B. E + C + Id + (X - M). C. E + (M - X). D. C + Id + G.
Which specific government agency monitors unemployment?
A. Commerce Department B. Bureau of Labor Statistics C. Executive Branch D. State Department