From Elizabeth I to George III, England strongly influenced the institutional structure of colonial America. This influence is realized today on which of the following fronts?
(a) Private property rights
(b) The role of international trade and finance in the U.S. economy
(c) Population growth through immigration
(d) All of the above
(d)
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Which of the following statements is true of unemployment? a. Cyclical unemployment decreases during recessions and increases during expansions
b. Some unemployment exists even when the economy is healthy and growing. c. Unemployment and inflation are not related. d. People who are willing and able to work but have given up the search for a job are considered unemployed. e. Voluntary unemployment refers to a situation in which people who really do not want to work only pretend to look for jobs.
The forward exchange market:
a. Handles transactions for individuals or companies who would like to reduce foreign exchange risk by locking in exchange rates now. b. Is a market with no default risk. c. Provides sufficient liquidity for any maturity and amount. d. All the above.