Which of the following characterizes the classical view of the economy?
a. The economy is inherently unstable.
b. Prices and wages are not flexible.
c. The economy will "self-adjust" to full employment.
d. None of these.
c
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A strong economy not only creates more job opportunities but also reduces discrimination barriers
Indicate whether the statement is true or false
The extra unemployment that occurs during periods of recessions is called ________ unemployment.
A. global B. structural C. cyclical D. frictional
Bountiful Tractors has a share price of $60, retained earnings of $2 per share, and a dividend yield of 2 percent. What is Bountiful Tractor’s price-earnings ratio?
a. 23.1
b. 18.75
c. 15
d. 30
There are 10 families in a neighborhood that are affected by noise pollution from a local factory. The noise could be reduced if the company spent $5,000 on technological improvements. The company agrees to make these improvements if the affected families contribute the $5,000. Since there are no legal restrictions governing the factory's noise, the negotiations fail. This outcome is an example of the
A. Coase theorem. B. drop-in-the-bucket problem. C. free-rider problem. D. problem that arises when property rights are not defined.