When it is difficult to assign and enforce property rights,
a. markets result in outcomes that are often inefficient.
b. courts can easily negotiate efficient outcomes.
c. establishing better property rights is always the best way to deal with environmental problems.
d. government regulation can never improve on the outcomes generated by competitive markets.
A
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The unemployment rate does not reflect the true extent of the unemployment problem. Which of the following groups is not counted as unemployed in the official unemployment statistics?
a. The underemployed and the cyclically unemployed b. The underemployed and discouraged workers c. Discouraged workers and the frictionally unemployed d. The frictionally unemployed and the structurally unemployed e. The cyclically unemployed and the frictionally unemployed
The annual membership fees of the 185 member countries of the IMF are called:
a. annuities. b. quotas. c. vetos. d. conditionalities. e. petrodollars.