When analyzing the housing market, the supply curve
a. will be upward sloping because the higher the price of a house the more that will exist
b. will be horizontal to illustrate that the supply of housing is a stock variable
c. will be downward sloping; that is what went wrong with the housing market
d. will be vertical to illustrate that the supply of housing is a stock variable
e. could be horizontal, vertical or upward sloping depending upon the housing market in question
D
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Unemployment insurance
a. may improve the ability of the economy to match workers with appropriate jobs. b. reduces the job search efforts of the unemployed. c. increases the amount of frictional unemployment in the economy. d. All of the above are correct.
"Proprietor's income" refers to income received by:
A. Corporate executives B. Owners of small unincorporated enterprises C. Workers hired by small businesses D. Interns in businesses