The market reliably allocates workers among jobs based on their attitudes toward risk, placing workers more willing to bear risk in riskier jobs
Indicate whether the statement is true or false
F While potentially true, the allocation of the market according to riskiness may not succeed, either because the market does not offer information about job riskiness to a worker or does not offer enough jobs to give a worker a choice, so it doe not serve reliably.
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China began pegging its currency, the yuan, to the dollar in 1994
Because the yuan has been ________ at the pegged exchange rate, the Chinese government ________ its reserves of dollars as the government purchased more ________ to maintain the pegged exchange rate. A) undervalued; decreased; yuan B) overvalued; increased; yuan C) undervalued; increased; dollars D) overvalued; decreased; yuan
Which of the following is most likely a topic of discussion in a microeconomics course?
a. a decrease in the share of national income paid to the government in taxes b. an increase in the price of lumber used to construct houses c. an increase in the rate of inflation d. an increase in the number of jobless individuals filing unemployment claims