The process of deregulating the airlines was initiated in the late 1970s by

A closed economy refers to an economy with

A) no immigration. B) tariffs and import quotas. C) government control of all factors of production. D) no international trade.

The U.S. unemployment insurance program

A) decreases the level of frictional unemployment. B) pays the unemployed a benefit equal to twice the average wage. C) increases the amount of time the unemployed spend searching for a job. D) eliminates structural unemployment.