The accuracy of the unemployment rate is criticized because:
A. people under 16 years of age and over 70 years of age are excluded from the data.
B. people who would like to work but have given up trying to find work are not included in the number of unemployed people.
C. unemployed homemakers and students who are not actively seeking employment are not included in the number of unemployed people.
D. it fails to indicate how many people work at more than one job.
Answer: B
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A. Wage and price controls B. Unemployment insurance and bank deposit insurance C. Regulation of the stock market D. Unemployment insurance, bank deposit insurance, and regulation of the stock market, but not wage and price controls
The balance on Merchandise Trade is found by looking at the
A) current accounts B) capital accounts C) financial accounts D) Official Settlements Balance
Which of the following is not an implication of hardwired heuristics?
A. Getting people to make positive behavioral changes is about putting them in situations where heuristics kick in and lead them to the desired outcome. B. Getting people to make better decisions is simply a matter of providing more information and more options. C. People who know and understand hardwired tendencies of others can take advantage of situations. D. Even when confronted with irrefutable information that a behavior is detrimental, people still may not change what they're doing.
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