Full employment means which of the following is zero?

a. structural unemployment
b. cyclical unemployment
c. frictional unemployment
d. aggregate unemployment

b

Economics

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The gross domestic product (GDP) of a country measures the _____

a. market value of all intermediate goods and services produced by resources located within the country b. market value of all goods and services produced by resources located outside the country c. market value of all final goods and services produced by resources located within the country d. value added to the economy by intermediate goods and services minus original cost e. value of the total sales of financial assets

Economics

Thinking about the Coase theorem, the private solution yields __________ amount of efficiency and ___________ distribution of surplus as compared to a government solution.

A. the same; the same B. the same; a different C. a different; the same D. a different; a different

Economics