If there isn't sufficient information available, then which of the following approaches to reduce conflicts of interest will have the lowest probability of working?
A) leave it to the market
B) supervisory oversight
C) separation of functions
D) socialization of information production
A
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The supply curve
A) represents the quantity supplied at any given price. B) represents the quantity actually sold at any given price. C) is the opposite of the demand curve. D) always intersects the demand curve.
In a small country, the adult population equals 10,000. There are 3,000 people unemployed and 4,000 people are employed. The labor force participation rate equals
A) 70 percent. B) 57 percent. C) 40 percent. D) an undetermined amount given the lack of information.
Which statement best describes the growth rate of adult male real wages between 1820-1860 in the U.S.?
a. The growth rate was about the same as it was in pre-Revolutionary U.S. b. The growth rate was negative. c. The growth rate was more than 5 percent per year. d. The growth rate was 1.2-1.6 percent per year.
The Federal Open Market Committee meets
A. once a month. B. eight times a year. C. four times a year. D. semi-annually.