The natural rate of unemployment is impervious to economic policy.

a. true

b. false

One antidote to the conflicts experienced between individuals, groups, and nations is replacing judgments with.

Which of the following best defines the term commodity? a. A physical object we find, grow, or make to meet our needs and those of others. b. An activity that benefits people, such as health care, education, and entertainment. c.

Gross profit is equal to: a. sales minus cost of goods sold. b. sales minus (selling and administrative expenses). c. sales minus (cost of goods sold and selling and administrative expenses). d.

What eventually happens to non-market "command" economies?

The amount of material used in making a custom sail for a sailboat is normally distributed with a standard deviation of 64 square feet. For a random sample of 15 sails, the mean amount of material used is 912 square feet.

Conflicts between stockholders and debtholders arise because stockholders are less willing than debtholders to take on risky projects because stockholders are more "at risk" of losing their investment. true or false?

Given the acquisition cost of product Dominoe is $30, the net realizable value for product Dominoe is $28, the normal profit for product Dominoe is $1, and the market value (replacement cost) for product Dominoe is $31, what is the proper per unit

Suppose the economy is currently operating at potential output; an expansionary gap may be caused by each of the following except: a positive demand shock. a positive inflation shock. an increase in government spending.

Which of the following is not correct? a. The value of the economist's language lies in its ability to provide you with a new and useful way of thinking about the world in which you live. b. Economists use some familiar words in specialized ways. c.

Although the term "trust" came to be a general term for any big business, there were legal differences between a formal "trust" and a "holding company." Explain the differences. What were the advantages of the latter?