Which of the following is not generally considered a failing of market economies?
A. Market economies can have severe swings from boom to bust.
B. Market economies tend to underprovide public goods.
C. Market economies tend to promote equity at the expense of efficiency.
D. Market economies can misallocate resources when property rights are ill defined.
Answer: C
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A currency's spot exchange rate against every other individual currency is known as a ________ exchange rate, and the exchange rate which shows how a currency is changing relative to a group of other countries' currencies is known as a ________
exchange rate. A) nominal; real B) unilateral; bilateral C) nominal; parity D) bilateral; multilateral
Refer to the above figure. At a price of two cents, the quantity of bubble gum demanded will be
A) 3. B) 2. C) 4. D) 5.
Jobs that require more costly training generally have
a. higher wages b. lower employment levels c. less human capital required d. higher personal risk levels e. lower wages
Sectoral shifts contribute to structural unemployment
a. True b. False Indicate whether the statement is true or false