The term underemployed refers to an individual who prefers full-time employment but works only part-time
a. True
b. False
Indicate whether the statement is true or false
True
You might also like to view...
The table above gives a nation's production function. Which of the following is NOT an attainable combination of real GDP and labor?
A) real GDP of $4.0 trillion and labor of 90 billion hours per year B) real GDP of $4.7 trillion and labor of 110 billion hours per year C) real GDP of $4.0 trillion and labor of 70 billion hours per year D) real GDP of $5.2 trillion and labor of 90 billion hours per year E) real GDP of $5.5 trillion and labor of 150 billion hours per year
Open market purchases of bonds by the Federal Reserve eventually
a. reduce the pressures on bond markets b. increase real GDP c. lead to open market sales of bonds d. increase the interest rate e. encourage tax increases
Necessities tend to have elastic demands, whereas luxuries tend to have inelastic demands
a. True b. False Indicate whether the statement is true or false
An example of the command-and-control approach to environmental policy is:
A. placing a tax on freon to reduce its use and the corresponding CFC emissions (which contribute to the ozone hole). B. requiring car producers to install new air conditioners that do not use freon. C. allowing coal producers to buy and sell permits to allow CFC emissions. D. allowing individuals to sue freon producers if CFC emissions exceed a government-set standard.