The most basic cause of unemployment in the United States is that
A) the natural rate of unemployment is much higher than zero.
B) we are most of the time producing a real GDP below the natural real GDP.
C) we are suffering from low productivity growth.
D) we are converting from a predominantly industrial to a predominantly service-based economy.
E) policymakers are constantly trying to hold down inflation.
A
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Which form of business organization is the least common in the United States?
a. sole proprietorship b. partnership c. corporation d. nonprofit organization e. conglomerate
If a $500 tax is placed legally (statutorily) on the sellers of new violins and as a result the price of violins to consumers rises by $400, then the actual burden of the tax
a. falls completely on violin buyers. b. falls completely on violin sellers. c. is $400 on violin buyers and $100 on sellers. d. is $100 on violin buyers and $400 on sellers.
Which rate is the rate lenders charge their most trustworthy business borrowers?
a. discount b. commercial c. prime d. LIBOR
When economic or political conditions are unstable,
a. the price of gold rises to $850 per ounce. b. the supply of gold decreases. c. the price of gold decreases. d. the demand for gold increases.