Individuals who are not working and are not actively looking for work are counted as unemployed if they have looked for work in the past
Indicate whether the statement is true or false
FALSE
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Suppose you have an hour before your next class starts. You can either read a book, get something to eat, or take a nap. The opportunity cost of getting something to eat is
a. the cost of what you eat b. the value of reading and sleeping c. the loss of value from not reading or sleeping d. the net benefit of sleeping for another hour e. impossible to determine because the most preferred alternative is not known
As the real interest rate in the domestic loanable funds market increases,
a. the cost of purchasing goods and services during the current period will decline. b. the net inflow of capital from abroad will increase. c. the inflationary premium will rise, and the money rate of interest will decline. d. the inflationary premium will fall, and the money rate of interest will rise.
The idea of a Leviathan state was promoted by
a. Hobbes b. Smith c. Ricardo d. Mises e. Hayek
Bonds with relatively high risk of default are called
A) Brady bonds. B) junk bonds. C) zero coupon bonds. D) investment grade bonds.