John earned a PhD in biomedical engineering, and works full-time as a faculty member at the local university. He also does some private consulting work on the side. He would like to give up teaching and do consulting full-time, but he fears there isn't enough demand for it. The best way to describe John is to say he is:
A. a discouraged worker.
B. overemployed.
C. underemployed.
D. employed.
Answer: D
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In emerging market countries, the deterioration in bank's balance sheets has more ________ effects on lending and economic activity than in advanced countries
A) negative B) positive C) affirming D) advancing
Consider three imaginary countries. In Aire, saving amounts to $4,000 and consumption amounts to $12,000; in Bovina, saving amounts to $3,000 and consumption amounts to $24,000; and in Cartar, saving amounts to $10,000 and consumption amounts to $50,000 . The saving rate is
a. higher in Aire than in Cartar, and it is higher in Cartar than in Bovina. b. higher in Cartar than in Aire, and it is higher in Aire than in Bovina. c. higher in Cartar than in Bovina, and it is the same in Bovina and Aire. d. higher in Aire than in Bovina, and it is the same in Aire and Cartar.
The greater the interest rate
A. the greater the opportunity cost of another dollar of current consumption. B. the greater the present value of a sum to be received a year in the future. C. the lower the discount rate. D. the less a dollar invested today will be worth a year from now.
Answer the following questions true (T) or false (F)
1. Protectionism refers to the use of trade barriers to shield domestic firms from foreign competition. 2. The process of countries becoming more open to foreign trade and investment is known as outsourcing. 3. Jobs lost to foreign trade are generally easy to identify, but jobs created by foreign trade are generally less easy to identify.